Taxation of Chargeable Gains Act 1992 section 164BA

Interaction with retirement relief

Section 164BA dealt with how rollover relief on the reinvestment of gains (under the now-repealed Chapter 1A) interacted with retirement relief, ensuring the two reliefs worked together correctly. This section, along with the rest of Chapter 1A, was repealed for acquisitions made on or after 6 April 1998.

• Section 164BA coordinated the interaction between rollover relief on reinvestment of gains and retirement relief, two separate capital gains tax reliefs that could potentially both apply to the same disposal.
• The provision was part of Chapter 1A (sections 164A to 164N) of the Taxation of Chargeable Gains Act 1992, which allowed individuals to defer chargeable gains by reinvesting the proceeds into qualifying assets.
• The entire Chapter 1A, including section 164BA, was repealed by the Finance Act 1998 and no longer applies to acquisitions made on or after 6 April 1998.
• For any historic transactions that took place before 6 April 1998, the original rules regarding the interaction of these two reliefs would still be relevant.

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