Commentary

C3.301 Rollover relief—nature of the relief

Capital gains tax
Capital gains tax | Commentary

C3.301 Rollover relief—nature of the relief

Capital gains tax | Commentary

Division C3.3     Replacement of business assets (rollover relief)

For updates affecting this Division please see Part C0 Updates

Rollover relief—generally

C3.301 Rollover relief—nature of the relief

A capital gains tax relief on the replacement of business assets, usually referred to as rollover relief, is available where the whole or part of the proceeds of the disposal of a qualifying asset (the old asset) used for the purposes of a trade (or certain other business activities, see C3.302) is matched, within the period commencing one year before and ending three years after the disposal (see C3.305), with the acquisition of a qualifying replacement other asset (the new asset) to be used for the same trade1. For the significance of the word other, see C3.304.

The relief

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