Readers’ forum: Can relief be claimed on investment of sale proceeds?

Our clients are a couple who run a boutique hotel in Gloucestershire with the unique selling point of having only a limited number of rooms the hotel’s quirky decor and the fact their menu is fully vegan.

They sold their hotel in 2019. The money from the sale was then re-invested into refurbishing and upgrading their holiday let properties which were run down after two decades of being rented out. Their letting properties consist of a number of self-catering flats they rent out in Cornwall.

My question is whether the money they reinvested on refurbishing works carried out within the three years after sale would be eligible for relief.

I am not sure what the position would be and I would be grateful for readers’ thoughts.

Query 20 511– Branston.

Reinvestment is potentially eligible for relief but some analysis required.

Replacement of business assets (rollover)...