Remedy
Start free

Section 248D: Milk quotas

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

Part VII: Other property, businesses, investments etc.

This section applies where—

section 248B applies to a holding (or holdings) of land, and
milk quota is associated with the holding in which the relinquished interest is held and with the holding in which the acquired interest is held.

Section 248B(1), (2) and (4) apply—

to the disposal of quota associated with the holding in which the relinquished interest is held as they apply to the disposal of that interest, and
to the acquisition of quota associated with the holding in which the acquired interest is held as they apply to the acquisition of that interest.

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.