This section is again applying the general principles of capital gains tax in relation to roll-over relief. It provides that all trades carried on by the members of a group of companies will be treated for this purpose as a single trade.
SECTION 133.
Question proposed: " That section 133 stand part of the Bill."
Is there any time limit on the availability of this relief?
The general principles of capital gains tax will apply. That provides that the roll-over must occur within one year beforehand and three years afterwards.
Question put and agreed to.