Capital Gains Tax Archives

Distinguish between ‘Rollover Relief’ and ‘Holdover Relief’ and briefly explain whether it is appropriate from the point of view of tax policy to have the two different tax treatments.

By DanielPosted on January 18, 2021Posted in AccountingTagged Capital Gains Tax, Corporation Tax, Holdover Relief, Rollover Relief

QUESTION 3 Tielemans Limited has a twelve-month chargeable accounting period (‘CAP’) running from 1 April 2020 to 31 March 2021. The adjusted trading profit for this CAP has already been calculated at £1,800,000 before deduction of capital allowances for plant and machinery. The capital allowance computation for the last CAP closed with written down values […]