Rollover relief claim reminder for 2020-21

HMRC is writing to taxpayers who made a provisional claim for rollover relief on the sale of an asset in 2020-21 and have not yet replaced the provisional claim with a valid claim. The time limit for making a valid claim is 31 January 2025.

HMRC says letters are being sent to about 400 individuals. The department recommends that if the taxpayer has bought a qualifying asset or will buy one on or before 31 January 2025 they should let HMRC know by completing form HS290 for 2020-21. If they cannot complete the form they should reply to the letter and provide all of the information requested.

If they have not bought a qualifying asset and do not intend to they should tell HMRC who will then withdraw the provisional claim and send the taxpayer an assessment...