I may be over thinking this. Close investment company is selling the property that they previousl traded from. The sole Director wishes to invest the proceeds in a flat. That flat may at some point be rented by a relative and others. We aren't sure yet of the proceeds but could roll-over relief be claimed if there is a gain? It seems to hinge on whether or not the rental income would be considered as trading income? Am I correct in assuming it wouldn't be possible as it won't be a FHL? It's been a long day, what am I missing?