»Ê¹ÚÌåÓýapp

TCGA92/S247 (2) & (3) & TCGA92/S248 (4), TCGA92/S247A

Time limit for claims

A claim for relief under TCGA92/S247 is to be made by the landowner. »Ê¹ÚÌåÓýapp time limit in TMA70/S43 applies, see CG60310.

Where a claim is made under the provisions of Section 247, no claim is possible in respect of the same property under Section 243, see CG72200+.

Provisional claims to relief can be made under TCGA92/S247A where the landowner declares an intention to acquire new land. »Ê¹ÚÌåÓýapp procedure for provisional relief is the same as that for the equivalent provisional relief system for business asset roll-over relief explained at CG60310.

Time limit for reinvestment

»Ê¹ÚÌåÓýapp period during which the new land is to be acquired is the same as in TCGA92/S152 (3) with references to the old and new land being read in place of old and new assets. »Ê¹ÚÌåÓýapp guidance at CG60300 applies.