Taxation of Chargeable Gains Act 1992 section 160

Dual resident companies: roll-over relief

Section 160 previously restricted roll-over relief for dual resident companies but has been repealed and is no longer in force.

• Section 160 originally addressed the availability of roll-over relief for companies that were resident in both the UK and another jurisdiction.
• The section was repealed by the Finance Act 1994, under section 251(6) and Schedule 26 Part VIII(1).
• The repeal took effect from 30 November 1993, meaning the provision has had no application since that date.
• Any roll-over relief claims involving dual resident companies on or after 30 November 1993 are unaffected by this former restriction and fall to be determined under the general roll-over relief rules.