Hey Sir,
I have a question regarding Capital Gain Tax for companies.
In a question where a company sells an asset and claims rollover relief the gain would be deferred and the base cost of the new asset will be reduced. I wanted to know when the company sells the new asset will we apply Indexation factor on base cost of new asset or original cost to calculate chargeable gain?
Ask the Tutor ACCA TX-UK
Rollover Relief and Indexation allowance.
On base cost of new asset but remember there will not be any indexation allowance for assets acquired post 31 December 2017.
Sign into reply to this topic.