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Section 168A: Postponing held-over gain: interests in UK land

Taxation of Chargeable Gains Act 1992 · 1992 c. 12View on legislation.gov.uk

Part V: Transfer of business assets, business asset disposal relief and investors' relief — Chapter II: Gifts of business assets

This section applies if—

an interest in UK land is deemed to have been disposed of under section 168(1) by a transferee at any time, and
the transferee makes an election under this subsection.

The held-over gain (within the meaning of section 165 or 260) that, but for this subsection, would have accrued to the transferee at that time is not to accrue at that time.

But, on a subsequent disposal by the transferee of the whole or part of the interest in UK land, the whole or a corresponding part of the held-over gain is treated as accruing on the subsequent disposal.

This gain is in addition to any gain or loss that actually accrues on the subsequent disposal.

In this section "interest in UK land" has the meaning given by section 1C.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.