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As outlined in C3.301 rollover relief is available where the whole or part of the proceeds of the disposal of a qualifying asset used for the purposes of a trade are matched with the acquisition of a qualifying replacement other asset to be used for the trade. The relief must be claimed.

There are no special provisions regarding the time limits for making a claim for rollover relief, so the general provisions apply¹. For persons liable to capital gains tax, the claim may be made at any time within four years from the end of the year of assessment to which it relates. For companies, the claim may be made within four years from the end of the accounting period to which it relates. The time limit begins with the later of:

1. Ìý

   •ÌýÌýÌýÌý the end of the tax year or accounting period in which the disposal takes place, or

2. Ìý

   •ÌýÌýÌýÌý the end of the tax year or accounting period in which the replacement assets are acquired

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