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Rollover Relief

My reading of TCGA 1992 s152(7) is that if the asset is not used at all for a period (as opposed to being put to non-business use), then that period of non-use will also restrict rollover relief. Dissenting and agreeing comments welcome.


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It's the period of trade use that determines the bit of the asset that is treated as the old trade asset.  It doesn't matter whether, during the period of non-trade, the asset is used for something else or just sits there doing nothing.

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