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Rollover relief

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

  • This topic has 3 replies, 2 voices, and was last updated 2 years ago by JillyB.
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  • July 21, 2023 at 3:26 pm #688681
    myusername15
    Participant
    • Topics: 1
    • Replies: 1
    • ☆

    Is residential letting building held for property business a qualifying asset for rollover relief?

    July 21, 2023 at 4:41 pm #688684
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    i’m not sure what you mean?

    July 21, 2023 at 4:46 pm #688686
    myusername15
    Participant
    • Topics: 1
    • Replies: 1
    • ☆

    I meant to ask that rollover relief is only available if asset is used for business purpose….so if the business is a property business,will we get rollover relief on residential letting building?
    And also BADR if business is disposed?

    July 24, 2023 at 10:53 am #688801
    JillyB
    Keymaster
    • Topics: 0
    • Replies: 899
    • ☆☆☆☆

    Correct – you only get rollover on business assets.And yes BADR is a business asset relief

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