Taxation of Chargeable Gains Act 1992 section 164M

Exclusion of double relief

Section 164M prevented taxpayers from claiming more than one form of tax relief on the same chargeable gain under the rollover relief provisions of Chapter 1A.

• Section 164M was part of Chapter 1A (sections 164A–164N), which provided a rollover relief regime for chargeable gains.
• The section ensured that where relief was available under more than one provision, the same gain could not benefit from overlapping or duplicated relief.
• The entire Chapter 1A, including section 164M, was repealed by the Finance Act 1998 for acquisitions made on or after 6 April 1998.
• Any transactions completed before 6 April 1998 may still be governed by the original Chapter 1A provisions, including this anti-double-relief rule.