TCGA92/S247

TCGA92/S247 provides that where land is disposed of by any person on or after 6 April 1982, to an authority exercising or having compulsory powers, see CG61940, relief may be claimed where further land, not being excluded land, see CG61906, is acquired, see below. The relief is modelled closely on the roll-over relief for replacement of business assets, see CG60250+.

TCGA92/S247 (1)

The relief may be claimed where there is:

(1)a disposal of land (referred to as the `old' land),

(2)to an authority exercising or having compulsory powers,

(3)by any person (referred to as the `landowner') including an individual, trustee or company.

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