Taxation of Chargeable Gains Act 1992 section 164G

Meaning of "qualifying company"

Section 164G defined what constituted a "qualifying company" for the purposes of the rollover relief provisions in Chapter 1A of the Act. This section was repealed for acquisitions made on or after 6 April 1998.

• Section 164G provided the definition of a "qualifying company" used in the rollover relief rules under sections 164A to 164N.
• The definition was relevant to determining whether gains from the disposal of assets could be rolled over into investments in certain types of companies.
• The entire Chapter 1A, comprising sections 164A to 164N, was repealed by the Finance Act 1998.
• The repeal applies to acquisitions made on or after 6 April 1998; any acquisitions before that date remain subject to the original rules.

---