Capital gains reinvestment relief: reinvested gains exempted if placed in specified assets within the prescribed period, subject to recapture. Capital gains from transfer of a long-term asset are not charged to tax to the extent reinvested in notified long-term specified assets within the prescribed investment period; full exemption applies where the specified asset's cost equals or exceeds the gain, otherwise a prorated exemption applies. If the specified asset is sold or otherwise converted into money within the prescribed holding period, or if a loan is taken on its security, the previously exempted portion is deemed chargeable as long-term capital gain in the year of such event.