Roll-over relief
Roll-over relief
- 1992
- Estates Gazette Case Summaries (1992) EGCS 44(1) (4/4/92) .
"Campbell Connelly & Co Ltd v Barnett (HM Inspector of Taxes)" ChD 11 March 1992. Having obtained the freehold of new premises, but being unable to occupy until later in the year when an underlease was acquired, the taxpayer applied to the inspectorate for the initial chargeable gain from the sale of old premises to be rolled over into the purchase costs, claiming relief which at court was disputed and dismissed.
CAMPBELL CONNOLLY V BARNETT (HMIT)
CAPITAL GAINS TAX ACT 1979 S115(1)
ROLL-OVER RELIEF
"Campbell Connelly & Co Ltd v Barnett (HM Inspector of Taxes)" ChD 11 March 1992. Having obtained the freehold of new premises, but being unable to occupy until later in the year when an underlease was acquired, the taxpayer applied to the inspectorate for the initial chargeable gain from the sale of old premises to be rolled over into the purchase costs, claiming relief which at court was disputed and dismissed.
CAMPBELL CONNOLLY V BARNETT (HMIT)
CAPITAL GAINS TAX ACT 1979 S115(1)
ROLL-OVER RELIEF