Taxation of Chargeable Gains Act 1992 section 164A

Relief on re-investment for individuals

Section 164A provided a capital gains tax relief for individuals who re-invested the proceeds from disposing of an asset into a new qualifying investment, but this relief was abolished for acquisitions made from 6 April 1998 onwards.

• Section 164A was part of a group of provisions (sections 164A to 164N) collectively known as Chapter 1A, which dealt with re-investment relief for individuals.
• The relief allowed individuals to defer chargeable gains when they re-invested disposal proceeds into qualifying new assets.
• The entire Chapter 1A, including section 164A, was repealed by the Finance Act 1998.
• The repeal applies to acquisitions of new assets made on or after 6 April 1998, meaning the relief is no longer available for any re-investments from that date onwards.