23.2 Roll-over reliefA company is entitled to roll-over relief as much as a sole trader or partner1. All the usual rules apply. Broadly, both the asset sold and the asset or assets purchased with the proceeds must be relevant business assets under the roll-over regime2 and the normal time limits must be observed3.Roll-over relief may also be available where a shareholder disposes of a business asset which he owns individually but which is used exclusively for the purposes of the company’s trade4. In addition to the usual conditions, the company using
A company is entitled to roll-over relief as much as a sole trader or partner1. All the usual rules apply. Broadly, both the asset sold and the asset or assets purchased with the proceeds must be relevant business assets under the roll-over regime2 and the normal time limits must be observed3.
Roll-over relief may also be available where a shareholder disposes of a business asset which he owns individually but which is used exclusively for the purposes of the company’s trade4. In addition to the usual conditions, the company using
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