This section applies if a person ("P") makes a disposal and acquisition which—
is a ring fence reinvestment, and
qualifies for roll-over relief.
P may make a claim under this section in relation to the disposal and acquisition.
If P makes a claim under this section—
section 152 does not apply to any of the disposal consideration, and
any gain accruing to P on the disposal is not a chargeable gain.
In this section "disposal consideration" means the whole of the consideration obtained on the disposal made by P.