Section 198G | Qualification for section 153 relief ^F1

(1)This section applies for the purposes of sections 198B and 198C.

(2)A disposal and acquisition qualifies for section 153 relief if—

(a)section 153(1) applies to part of the amount or value of the consideration for the disposal,

(b)section 153(1)(a) and (b) would apply to the disposal and acquisition if the appropriate claim were made, and

(c)the disposal and acquisition would qualify for roll-over relief but for the disapplication of section 152(1) by section 153(1).

(3)Subsections (4) to (6) apply in deciding whether a disposal and acquisition is one that qualifies for section 153 relief.

(4)Section 153(2) has effect subject to section 198F(4) and (5).

(5)Section 198B is to be disregarded.

(6)Subject to subsections (4) and (5), all the circumstances are to be taken into account, including section 198(1).