| Commentary

21.2 Roll-over and deferral reliefs

| Commentary

21.2 Roll-over and deferral reliefs

Where the trader makes a chargeable disposal of one of his business assets, he may be able to claim roll-over relief if he uses the proceeds of sale to reinvest in another business asset1. Both the asset which is disposed of and that which is acquired with the proceeds must fall within one of the classes of relevant assets set out in the roll-over legislation, although they do not have to be of the same type2. In addition, the proceeds of sale must be reinvested within the statutory time period, which broadly begins one year

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