Taxation of Chargeable Gains Act 1992 section 164FF

Qualifying investment acquired from husband or wife

Section 164FF dealt with the treatment of qualifying investments transferred between spouses for the purposes of the roll-over relief provisions that formerly existed under Chapter 1A of the Act.

• This section was part of a set of provisions (sections 164A–164N) that provided roll-over relief on the reinvestment of gains into qualifying investments.
• Where a qualifying investment was transferred between spouses, special rules applied to preserve the roll-over relief status of that investment in the hands of the receiving spouse.
• The entire Chapter 1A, including this section, was repealed by the Finance Act 1998 and ceased to have effect for acquisitions made on or after 6 April 1998.
• Any transactions involving qualifying investments acquired from a spouse before 6 April 1998 may still be affected by the original provisions under transitional rules.