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Readers' forum: Company gain

25 September 2018
Issue: 4665 / Categories: Forum & Feedback

Business rollover relief on property disposal.

My client is a limited company (A) that owned two commercial properties. It has sold one property in which the tenant was a trading company (B). The same individual owns both companies.

Company A has made a significant capital gain on the disposal.

In the next six months company A is intending to invest the entire sale proceeds in acquiring a new commercial property which has numerous trading tenants. company B will not continue trading from the new premises.

Can company A claim rollover relief of any description on the disposal?

I look forward to replies from Taxation readers.

Query 19 235– Property Owner.


Reply by ANA

The ownership of the properties by itself does not constitute a trade.

Rollover relief under TCGA 1992 s 152 can be claimed on the disposal of a building used exclusively for the purposes of a trade if...

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