SCHEDULES
SCHEDULE 11TAXATION PROVISIONS
Roll-over relief
3
1
Where—
a
a held over gain would, but for the provisions of section 117 of the [1979 c. 14.] Capital Gains Tax Act 1979, have been carried forward to a depreciating asset; and
b
that asset is transferred by this Act to a successor company.
that section shall have effect as if the gain had accrued to. and the claim for it to be held over had been made by, that company.
2
In this paragraph expressions which are used in the said section 117 have the same meanings as in that section.