SCHEDULES

SCHEDULE 11 Extension of roll-over relief on re-investment

Disposals on which relief available

2

In section 164A—

(a)

in subsection (1)(a), for the words following “(“the re-investor”)” there is substituted “ on any disposal by him of any asset (“the asset disposed of”); and ”,

(b)

in subsection (2), “Subject to section 164C” is omitted and for “initial holding” (in three places) there is substituted “ asset disposed of ”,

(c)

subsections (3) to (7) are omitted,

(d)

in subsection (9), for “initial holding” there is substituted “ asset disposed of ”, and

(e)

for subsection (12) there is substituted—

“(12)

Without prejudice to section 52(4), where consideration is given for the acquisition of any assets some of which are shares to the acquisition of which a claim under this section relates and some of which are not, the consideration shall be apportioned in such manner as is just and reasonable”.