Roll-over relief was not available for the disposal of part only of a commercial asset.
Citations:
Gazette 17-Jan-1996, Times 21-Dec-1995
Statutes:
Capital Gains Tax Act 1979 115(1) 115(3)
Jurisdiction:
England and Wales
Citing:
Appealed to – Watton (Inspector of Taxes) v Tippett CA 27-Jun-1997
Proceeds of the sale of part of a business which had been invested back into the business cannot be rolled over into the acquisition cost of remainder. . .
Cited by:
Appeal from – Watton (Inspector of Taxes) v Tippett CA 27-Jun-1997
Proceeds of the sale of part of a business which had been invested back into the business cannot be rolled over into the acquisition cost of remainder. . .
Lists of cited by and citing cases may be incomplete.
Capital Gains Tax
Updated: 02 February 2022; Ref: scu.90330
