Client has disposed of a business asset. I'm preparing the CGT computation. Asset bought in the 1980s. Client has kept some correspondence from the period which reveals the business asset was financed from the sale of another business asset. Was roll-over relief claimed on the sale of the original asset into the replacement asset? Client cannot remember. I have acted for the client for several years. My professional clearance letter to the former accountant asked for details of claims and elections in force. The former accountant had no details. Does this mean the client didn't make a roll-over relief claim or is it the former accountant forgot/doesn't have details?
In the good old days details of claims and elections would be on the paper files held in the local Inland Revenue office. They've all gone. Would HMRC still have detials of historic claims and elections on their digital files? I suspect they don't. I'm relucant to ask in case it causes HMRC to start snooping, but I'm also reluctant to submit a Return ignoring roll-over because it might be wrong and there's a risk of an enquiry. What would you do?