Holdover and rollover relief

Effect of holdover on rollover

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I have claimed holdover relief as client has disposed of a hotel to his son at below market value. The same client now wants to claim rollover relief. Am I correct in thinking he will have to invest the market value of the hotel to get full rollover relief?  not the proceeds received from his son. 

 

Thanks in advance

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By jonibarnes
28th Feb 2020 08:39

Also does anyone know if with an EIS investment he would need to reinvest the market value of the gain? Not the gain realised after holdover relief.

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By Tax Dragon
28th Feb 2020 09:20

Read s165(4).

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