Timothy Lloyd provides practical tips for making a rollover relief claim
Rollover relief is a relatively simple concept but it is important for companies to present the claim in an acceptable and valid format. This article highlights some practical pointers to consider when making a claim for corporate CGT rollover relief.
The issues
You have indicated on the corporation tax computations in a previous year that an eligible capital gain (TCGA 1992 s 152) arising in that year has been rolled into a new qualifying asset(s) (TCGA 1992 s 155).
Alternatively you state it will be rolled into one within the time limit for the replacement of assets (ie a provisional claim that the new asset will have been acquired within one year before and three years aft er the disposal of the old asset) it is just that the actual asset has yet to...
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Timothy Lloyd provides practical tips for making a rollover relief claim
Rollover relief is a relatively simple concept but it is important for companies to present the claim in an acceptable and valid format. This article highlights some practical pointers to consider when making a claim for corporate CGT rollover relief.
The issues
You have indicated on the corporation tax computations in a previous year that an eligible capital gain (TCGA 1992 s 152) arising in that year has been rolled into a new qualifying asset(s) (TCGA 1992 s 155).
Alternatively you state it will be rolled into one within the time limit for the replacement of assets (ie a provisional claim that the new asset will have been acquired within one year before and three years aft er the disposal of the old asset) it is just that the actual asset has yet to...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
