General Knowledge · General Awareness
A company (Hawk Ltd) sells a factory building generating a capital gain. Based on standard asset rollover rules, what is the maximum amount of rollover relief it can claim and what is the latest date by which the replacement asset reinvestment must take place if the disposal occurred in April 2024?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Maximum relief: £240,000 | Latest reinvestment date: 30 April 2027✓
- 2Maximum relief: £300,000 | Latest reinvestment date: 30 April 2027
- 3Maximum relief: £300,000 | Latest reinvestment date: 31 March 2028
- 4Maximum relief: £240,000 | Latest reinvestment date: 31 March 2028
Correct answer
Maximum relief: £240,000 | Latest reinvestment date: 30 April 2027
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