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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
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Roll-over relief: compulsory acquisition of land: depreciating assets

TCGA92/S248 (3)

Where the new land is a depreciating asset, see CG60360, the guidance at CG60370+ should be followed with the following modifications.

  • The words `new asset’ should be read as `new land’,


  • the cessation of trade use of the new land is not a chargeable occasion in relation to the held-over gain.

The claim for relief on the acquisition of land that is a depreciating asset can be replaced by a new claim on the subsequent acquisition of land that is not a depreciating asset. The guidance at CG60370 sets out the conditions that must be met and explains the effect of such a claim.