Commentary on Sections Overview Overview Section 898: Relief where assets disposed of on or after 1 April 2002
2277.This section extends roll-over relief under Chapter 7 of this Part to the disposal of certain intangible fixed assets otherwise remaining within the capital gains rules. It is based on paragraph 130 of Schedule 29 to FA 2002.
2278.The effect of this section is that the “amount available for relief” (in section 758(1)) reduces the company’s consideration received for the existing asset for the purposes of the capital gains rules and the tax cost of the new asset.