Taxation of Chargeable Gains Act 1992 section 164N

Interpretation of Chapter IA

Section 164N provided the interpretation and definitions for the terms used throughout Chapter IA of the Act, which dealt with roll-over relief on reinvestment.

• This section contained the definitions needed to understand and apply the roll-over relief provisions in sections 164A to 164N.
• Chapter IA as a whole allowed individuals to defer chargeable gains when proceeds were reinvested in qualifying assets.
• The entire chapter, including this interpretation section, was repealed by the Finance Act 1998 for acquisitions made on or after 6 April 1998.
• Any transactions that took place before 6 April 1998 under these provisions may still be governed by the original rules.