Compulsory acquisition: replacement-asset and reinvestment time limits run from actual compensation receipt; pre-1991 payments extended to 31 Dec 1991
When an original asset is transferred by compulsory acquisition and the compensation is not received on the transfer date, the time limits for acquiring a replacement asset or for depositing/investing capital gains (under the relevant capital-gains relief provisions) run from the date the compensation is actually received. If such compensation was received before 1 April 1991, any expired time limits are extended to 31 December 1991.
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