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HMRC internal manual

Capital Gains Manual

Roll-over relief: part of gain not chargeable

TCGA92/S152 (2) & TCGA92/S153 (1)

Where the old asset was acquired before 6 April 1965 and part of the gain on disposalis not chargeable, the cost of the new asset is reduced by:

  • the amount of the chargeable gain accruing on the disposal of the old asset;


  • the part of the chargeable gain which is deferred where part only of the disposal proceeds are used in acquiring the new assets.

The cost of the new asset is not reduced by the amount of the whole gain.