§ '.—(1) Section 193 of the Taxation of Chargeable Gains Act 1992 (roll-over relief not available for gains on oil licences) shall cease to have effect.
§ (2) This section has effect in relation to—
- (a) a disposal of a licence or an interest in a licence which occurs on or after 1st July 1999;
- (b) an acquisition of a licence or an interest in a licence which occurs on or after 1st July 1999.'.—[Mrs. Roche.]
§ Brought up, read the First and Second time, and added to the Bill.