Taxation of Chargeable Gains Act 1992 section 230

Dwelling-houses: special provision

Section 230 provided special rules for dwelling-houses used as a main residence where compulsory purchase roll-over relief was claimed, but this relief was withdrawn for disposals on or after 6 April 2001 and the section is now effectively repealed.

• Where a replacement asset under compulsory purchase roll-over relief was a dwelling-house qualifying as a private residence, it was treated as not being a chargeable asset, effectively removing it from the roll-over relief calculation
• If the private residence status arose after the roll-over relief had already been applied, adjustments were made retrospectively, but any resulting gain was treated as accruing at the earliest time the property qualified as a private residence
• Similar rules applied where the replacement asset was an option to acquire a dwelling-house or land, provided the option had been exercised and the property subsequently qualified for private residence relief
• This section was effectively repealed when the compulsory purchase roll-over relief under sections 227 to 229 was withdrawn for disposals occurring on or after 6 April 2001