Could rollover relief be applicable to an investment in caravans for letting?
My client is in the process of selling a trading asset and will make a capital gain on which entrepreneurs’ relief will not apply. She does not want to pay more tax than she needs to and would like to roll over the gain. She is looking at various options for furnished holiday lets including investing in bow top caravans (‘gypsy’ caravans) for the holiday market. These would be suitable for two people and are furnished with a bed seating heat and light water crystal ball and a kettle but no cooking facilities. My client would provide breakfast from her own house. The caravans would have a permanent site on my client’s property (which is not a registered caravan site) and not be moved on a regular basis. Leaving aside whether something that is static could be called a ‘gypsy’ caravan my question is...
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