Reinvestment exemption in life annuities requires age of 65 or over

A person under 65 asks whether they can benefit from the reinvestment exemption after selling a property other than their primary residence. The DGT responds that being 65 years or older is an essential requirement to access this benefit.

The exemption for reinvestment in life annuities is only available to individuals aged 65 or over, limiting eligibility to older contributors.