CG45930 | Groups: business asset roll-over relief, background

TCGA92/S175

TCGA92/S175 modifies the rules in TCGA92/S152 to TCGA92/S158 for business asset roll-over relief in order to apply them to groups.

Section 175 was substantially amended by FA95/S48. Further amendments were made in FA2000/SCH29 to reflect the changes in the group rules consequent upon the removal of the residence condition for group membership.

This guidance explains the rules applying in 2020. If you need to consider the detailed guidance applying before the changes mentioned above, then this is available from Capital Gains Technical Group.

General guidance on roll-over relief is at CG60250+.

TCGA92/S175 makes five modifications to the roll-over relief rules to apply them to groups of companies. These are

• the single group trade rule, see CG45932

• the extension of relief to non-trading group companies, see CG45943

• changes to the rules for depreciating assets, see CG45945

• the same person rule, see CG45948+

• no gain/no loss acquisitions do not qualify for relief, see CG45953.

There are also modifications of the special roll-over rules following compulsory purchase of land in TCGA92/S247, see CG45965.