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Rollover Relief

Rollover Relief for a Limited Company with Rental Properties

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I have a client (Limited Company) that is selling their business premises and are looking to rollover the capital gain. The question is, are they able to rollover the gain against future improvements to an existing rental property that also sits in the same limited company or alternatively would they be able to rollover the gain against the purchase of an additional rental property through the same limited company. Any assistance would be greatly appreciated.

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Replying to David Ex:
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By Paul N
30th Nov 2021 12:39

Thanks David, I have already read this. I guess I'm unclear on whether the fact it's all in the one limited company will make a difference with regards to whether it can be the rolled over.

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Replying to Paul N:
paddle steamer
By DJKL
30th Nov 2021 12:46

To be clear, companies do not pay CGT.

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Replying to Paul N:
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By Tax Dragon
30th Nov 2021 13:36

I don't blame you. It's a woefully inadequate document.

However, s152 (which does apply to companies - I don't quite get DJKL's point) makes it clear the business needs to be a trade. So the answer to your question is no.

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Replying to Tax Dragon:
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By Paul N
30th Nov 2021 13:52

Many Thanks.

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Replying to Tax Dragon:
paddle steamer
By DJKL
30th Nov 2021 14:26

Tax Dragon wrote:

I don't blame you. It's a woefully inadequate document.

However, s152 (which does apply to companies - I don't quite get DJKL's point) makes it clear the business needs to be a trade. So the answer to your question is no.

Senility setting in and not having to deal with for over 20 years.

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paddle steamer
By DJKL
30th Nov 2021 12:13

A company ?

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