.png)
.png)
I am aware that a claim to rollover relief should be made in the tax return wherever possible. However, the time limit for a rollover claim made outside of the return is within five years and ten months from the end of the tax year. This is indeed possible if the proceeds are reinvested at the end of year three and no provisional rollover claim has been made in the return, or simply that the claim was originally overlooked.
I am aware that a claim to rollover relief should be made in the tax return wherever possible. However the time limit for a rollover claim made outside of the return is within five years and ten months from the end of the tax year. This is indeed possible if the proceeds are reinvested at the end of year three and no provisional rollover claim has been made in the return or simply that the claim was originally overlooked.
It seems to me that if the claim is made in the tax return the time limit for revoking the claim is one year and ten months from the end of the tax year i.e. the period in which the tax return can be amended whereas if a claim is made under TMA 1970 Sch 1A (outside the return) it can be amended...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
