• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

rollover relief

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › rollover relief

  • This topic has 4 replies, 2 voices, and was last updated 4 years ago by humai.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • March 26, 2021 at 10:39 pm #615282
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Hello Sir,

    If a business sells warehouse used in business and reinvest proceeds in fixed Plant and machinery within qualifying period then will rollover relief be available or holdover relief be available?

    Similarly, if a business sells warehouse used in business and reinvest proceeds in movable Plant and machinery within qualifying period then will rollover relief be available or holdover relief be available?

    March 27, 2021 at 4:53 pm #615339
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    You will of course find the answers you need within the study notes and lectures.
    1. The term holdover relief is one that I and others use but other writers will just refer to rollover relief. The issue about reinvestment in Fixed Plant & Machinery is that it represents a depreciating asset and therefore the way in which the gain is deferred is different to the normal rollover relief method – see study notes chapter 14 sections 3.5 – 3.8
    2. No relief will be available – moveable plant and machinery is NOT a qualifying business asset for the purposes of this relief

    March 30, 2021 at 3:02 pm #615517
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Ok now I have understood after going through OT notes, but just to clear my confusion

    1) If business sells warehouse used in business, and reinvest proceeds in movable plant and machinery to be used in business then neither rollover relief not holdover relief will be available?

    2) If If business sells warehouse used in business, and reinvest proceeds in fixed plant and machinery to be used in business then holdover relief will be available on gain arising on disposal of warehouse?

    3) If business sells fixed plant and machinery used in business, and reinvest proceeds in warehouse to be used in business then Rollover relief (Not holdover relief) will be available on gain arising on disposal of fixed plant and machinery?

    4) If business sells movable plant and machinery used in business and reinvest proceeds in fixed plant and machinery or warehouse to be used in business, in this case will rollover or hold over relief be available?

    April 2, 2021 at 4:56 pm #615781
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    1. Yes – moveable plant and machinery is NOT a qualifying business asset
    2. Yes
    3. Only a gain deferred when fixed plant and machinery was purchased may be deferred through rollover relief assuming it has not already crystallised at an earlier date
    4. No relief

    April 4, 2021 at 10:57 pm #615935
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    In 3rd case, you mean to say that holdover relief (not rollover) will be available on gain arising on disposal of fixed plant and machinery? right?

  • Author
    Posts
Viewing 5 posts - 1 through 5 (of 5 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • RashidMh on MA Chapter 1 Questions Accounting for Management
  • John Moffat on Relevant Cash Flows for DCF Relevant Costs (example 1) – ACCA Financial Management (FM)
  • John Moffat on Accounting for Management – ACCA Management Accounting (MA)
  • Hsaini on Accounting for Management – ACCA Management Accounting (MA)
  • kennedyavege@2023 on Relevant Cash Flows for DCF Relevant Costs (example 1) – ACCA Financial Management (FM)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in