CG62200 | Reinvestment Relief

Overview

Reinvestment relief was a type of roll-over relief available to individuals and trustees of certain trusts. It allowed chargeable gains arising from qualifying disposals of certain shares to be deferred (or “rolled over”) when the gain was reinvested in qualifying shares.

Legislative change

Section 141 of the Finance Act 1998 abolished reinvestment relief. As a result, this relief is no longer available for shares acquired on or after 6 April 1998. For acquisitions made on or after this date, reinvestment relief was replaced by Enterprise Investment Scheme (EIS) deferral relief For further details on EIS deferral relief, see CG62800P.

Guidance

Guidance on reinvestment relief is no longer included in this manual. For information about reinvestment relief, please refer to previous versions of this guidance. CG10100 explains how to do this.