A director of a company owned one shop/unit for two of his ltd co.s this was sold just over 3 years ago and he personally paid capital gains. He has now just signed the contracts on a property (which the companies have been renting since the dale of the last), agian it is in his name personally. What are our chances of getting roll over relief?? has any one else been able to appeal for it?? we are thinking on the grounds that the banks have held it up as they have made us jump through rings to raise the finance.
thanks for any help
Replies (4)
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Worth a try
See here re discretion to extend the time limit:
http://www.hmrc.gov.uk/manuals/cgmanual/CG60640.htm
Cathy
Might be able to, if you can prove the reason
I have done this before, but the client had particular circumstances which prevented the reinvestment from taking place (a very specific planning problem). There was a very clear paper trail so it was no more than sending all the paperwork in.
I'd definitely have a go - there's no harm in asking!
Exactly!
My thoughts entirely, Chris. My motto is
'If you don't ask, the answer is always "No"!'
Cathy