Taxation of Chargeable Gains Act 1992 section 164E

Application of Chapter in cases of an exchange of shares

Section 164E dealt with how the retirement relief provisions of Chapter 1A applied where shares were exchanged rather than sold outright, but this section was repealed for acquisitions made on or after 6 April 1998.

• Section 164E was part of Chapter 1A (sections 164A–164N), which provided retirement relief from capital gains tax.
• The section specifically addressed how retirement relief applied in situations involving an exchange of shares, rather than a straightforward disposal for cash.
• The entire Chapter 1A, including section 164E, was repealed by the Finance Act 1998.
• The repeal took effect for acquisitions made on or after 6 April 1998, meaning the relief may still be relevant for earlier transactions.

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