Corporation Tax Act 2009 section 757

Claim for relief

Section 757 sets out the information that a company must include when making a claim for rollover relief on intangible fixed assets under this Chapter.

• A claim for rollover relief must specify the old assets (the ones being disposed of) to which the claim relates.
• The claim must state the amount of relief being claimed in respect of each old asset.
• For each old asset, the claim must identify the expenditure on replacement assets by reference to which the relief is claimed.
• All three elements — old assets, relief amounts, and linked replacement expenditure — must be included for the claim to be valid.