Taxation of Chargeable Gains Act 1992 section 164FG

Multiple claims

Section 164FG dealt with situations where more than one rollover relief claim was made in connection with the same disposal or acquisition, but this section was repealed for acquisitions made on or after 6 April 1998.

• Section 164FG was part of Chapter 1A (sections 164A–164N) of the Taxation of Chargeable Gains Act 1992, which provided for rollover relief on the reinvestment of proceeds from the disposal of certain assets.
• The section addressed the rules that applied when multiple rollover relief claims were made, for example where the proceeds of a single disposal were reinvested in more than one qualifying acquisition, or where a single acquisition was matched against more than one disposal.
• The entire Chapter 1A, including section 164FG, was repealed by the Finance Act 1998 and no longer applies to acquisitions made on or after 6 April 1998.
• Any claims that were validly made under these provisions before that date may still have continuing relevance for the computation of chargeable gains on assets acquired before 6 April 1998.

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