- This topic has 1 reply, 2 voices, and was last updated 7 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
Interactive BPP books for June 2026 exams, recommended by OpenTuition.
Get discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Rollover relief
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 ?
Yes it’s the same idea that if any part of the proceeds are not reinvested then that part of the gain remains chargeable
