Investment Property disposed by a company

Investment Property disposed by a company and Rollover relief

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I should be grateful if someone could confirm my understanding.

A residential property lettings company disposes of one of its properties and realises a capital gain. It plans to invest the proceeds into another residential property which would be let out.

Am I correct that this gain does not qualify for Rollover Relief because this is not a Trading Company? 

Thanks

 

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By johngroganjga
16th Jun 2018 20:47

Sort of. It’s because it’s not a business asset.

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