CG16987 - Rebasing: deferred charges: gains pre-31/3/82: 1st disposal

There was a defect in the original legislation because it did not require that a claim should be made in respect of the first qualifying disposal. This was rectified in Finance Act 1991 for disposals on or after 19 March 1991. The effect of TCGA92/SCH4/PARA2 (3) is to deny relief on a disposal where relief could have been claimed on an earlier occasion. The legislation now applies only to gains rolled over or held over between 1982 and 1988.