Roll Over Relief

‘Roll Over ‘ Relief – What Happens If an Asset Not Brought into Business Immediately

There is usually a capital gains tax (CGT) charge when a chargeable asset is sold at a gain (subject to the individual personal allowance for an individual). However deferment of the gain may be possible should ‘rollover relief’ be available. ‘Rollover’ relief can be claimed where trading assets are sold and new assets purchased within …

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