Part IV Oil Taxation
103 Business assets: roll-over relief.
1
Section 193 of the M1Taxation of Chargeable Gains Act 1992 (roll-over relief not available for gains on oil licences) shall cease to have effect.
2
This section has effect in relation to—
a
a disposal of a licence or an interest in a licence which occurs on or after 1st July 1999;
b
an acquisition of a licence or an interest in a licence which occurs on or after 1st July 1999.