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Rollover relief & ESC D23

Clients, say to be original, A & B were trading in farming partnership.  They owned jointly among other assets land and a slaughterhouse.

The partnership dissolved and the land was partitioned between A & B.  A also took ownership of the slaughterhouse. 

The question is, can the gain that A made on the disposal of his share in the land to B, be rolled over against his acquisition of the remainder of the slaughterhouse?

I think that this may be an area covered by ESC D23 but would really value any input.


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09th May 2012 14:03

S.248A TCGA 1992

ESC D23 has been superseded by S.248A TCGA 1992, which I think will do exactly what you want it to do, subject to precise details.

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09th May 2012 14:09


Many thanks Steve for your help and very prompt reply!

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