ACCA Pre Sept 2023 Mock MCQ 14

On 31 December 2022, Sulley Ltd sold a warehouse that had always been used in its trade for £500,000. The warehouse cost Sulley Ltd £190,000 in December 2011.

On 31 October 2020, Sulley Ltd had purchased a larger warehouse for £570,000 and started using it in its trade immediately.

The indexation factor for December 2011 to December 2017 is 0.162.

What is the amount of rollover relief that Sulley Ltd can claim for the year ended 31 March 2023?

For this, I calculated the answer, but I was unsure if the replacement of the disposed asset had to replaced within 12 months before and 36 months or the other way around, so I assumed, it was the other way around.

However, looking at the opentuition notes, my textbook and ACCA study hub, each resource confirms that “The replacement asset must be bought in the period 12 months BEFORE to 36 months AFTER the disposal of the old asset.” (quoted text was copied from opentuition lecture notes.

In the question, the replacement is purchased more than 2 years before the disposal, so the answer should have been nil right? As the purchase didn’t qualify as a replacement for rollover relief. Or am I missing something?

Please help!