In rollover relief, the criteria for computing chargeable gain, when not all the sale proceeds are reinvested is that …the chargeable gain should be lower of
1.full gain , or
2 proceeds not reinvested.
Que is ..does this criteria also applies to non business assets which are destroyed and on which insurance proceeds are recieved and not all the insurance proceeds are reinvested ?
Please,see example 15 and 16 on following link even though dated this treatment still applies-
Hope this helps.
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