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Hawk ltd–Rollover relief

Forums › ACCA Forums › ACCA TX Taxation Forums › Hawk ltd–Rollover relief

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  • May 29, 2014 at 7:24 am #171590
    hks87
    Member
    • Topics: 4
    • Replies: 9
    • ☆

    Hi,

    I am referring to the Part (b) of Question no 43 (Hawk Ltd) in Kaplan Exam Kit.

    I am little confused about why the sale of 2 acres of land does not qualify for the Rollover relief.

    Thanks

    May 30, 2014 at 9:19 am #171841
    hks87
    Member
    • Topics: 4
    • Replies: 9
    • ☆

    I got this point.

    Actually there is an error in Kaplan Kit.
    This question appeared in December 2008 exams, question number 3.

    It is mentioned in the question that “The land has never been used by Hawk Ltd for business purposes”.

    But this sentence is missing from the Kaplan Kit.

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