Provisional reinvestment relief

Provisional reinvestment relief

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My client's company sold some of its goodwill/customer base making a capital gain for CT purposes (original cost nil) and intends to reinvest some of the proceeds into a similar intangible asset in the tax year following the sale.

I wish to make a provisional claim to reinvestment relief for the intended reinvested proceeds to delay/avoid paying CT on all the gain this year -  but how do I do it?  Advice so far has been to deduct the intended reinvested proceeds in the tax comp, and explain in the white space what I have done.  This deduction is then added back the following year when the acquisition is made.  Is this all there is to it?

Many thanks

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