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Legislation
Taxation of Chargeable Gains Act 1992

Crossheading Joint interests in land

  • Section 248A Roll-over relief on disposal of joint interests in land: conditions
  • Section 248B Calculation of relief
  • Section 248C Excluded land
  • Section 248D Milk quotas
  • Section 248E Relief on disposal of joint interests in private residence
  1. Joint interests in land
  2. Milk quotas

Section 248D | Milk quotas F1

From legislation.gov.uk

(1)This section applies where—

(a)section 248B applies to a holding (or holdings) of land, and

(b)milk quota is associated with the holding in which the relinquished interest is held and with the holding in which the acquired interest is held.

(2)Section 248B(1), (2) and (4) apply—

(a)to the disposal of quota associated with the holding in which the relinquished interest is held as they apply to the disposal of that interest, and

(b)to the acquisition of quota associated with the holding in which the acquired interest is held as they apply to the acquisition of that interest.

Notes

  1. F1

    Ss. 248A-248E and cross-heading inserted (with effect in accordance with art. 8(2) of the amending S.I.) by The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157), arts. 1, 8(1)

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