Taxation of Chargeable Gains Act 1992 section 164F

Failure of conditions of relief

Section 164F dealt with the consequences when the conditions required for roll-over relief on the reinvestment of gains into qualifying investments were not met or ceased to be met. This section was part of a broader relief regime that was repealed for acquisitions made on or after 6 April 1998.

• Section 164F was part of Chapter 1A (sections 164A–164N) of the Taxation of Chargeable Gains Act 1992, which provided a roll-over relief for gains reinvested into qualifying investments.
• The section set out what happened when the conditions attached to the relief were broken or were never properly satisfied, triggering a clawback of the relief previously given.
• The entire Chapter 1A regime was repealed by the Finance Act 1998 for acquisitions made on or after 6 April 1998, meaning the relief is no longer available for investments acquired from that date onwards.
• Any relief claimed under these provisions for acquisitions before 6 April 1998 remained subject to the clawback rules if the qualifying conditions subsequently failed.