Capital gains reinvestment relief: reinvestment in specified long-term bonds defers capital gains tax subject to conditions and limits. Long term capital gains from transfer of land or building are not charged if whole or part of the gains are invested within six months in a long term specified asset; gains exceeding the investment are charged, otherwise they are exempt. Investment is subject to a monetary ceiling and may be aggregated across the year of transfer and the subsequent year. If the new asset is transferred or converted into money within five years, the deferred gains become chargeable in that year; a loan on the security is deemed conversion, and such investments are excluded from a separate deduction provision.