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Section 198B: Ring fence reinvestment: part of consideration reinvested

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

Part VI: Companies, oil, insurance etc. — Chapter II: Oil and mining industries

This section applies if a person ("P") makes a disposal and acquisition which—

is a ring fence reinvestment, and
qualifies for section 153 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 153(1)(a) applies in relation to P and the disposal, but
section 153(1)(b) does not apply to P and the acquisition.

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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.