.png)
.png)
13 December 2021
Availability of rollover relief on split use premises.
Our client has sold land used in his sole trader business and has acquired a new property consisting of land and an industrial building.
The new property will be used by his existing sole trade but part of the building will also be used by his personal trading company which previously operated from rented premises.
In these circumstances can our client roll over the gain on the land into the cost of the land and building acquired or will the partial use by his personal company mean the relief will be denied?
I look forward to receiving readers’ responses.
Query 19 859 – Roland.
Rollover relief can be claimed between two sole trades of an individual.
Under some circumstances rollover relief as outlined in TCGA 1992 Pt 5 ch 1 enables traders to defer paying capital gains tax when they sell...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
