Chancery Division.

[The appeal against this decision is reported at [1994] BTC 12.]

Knox J.

Judgment delivered 11 March 1992.

Corporation tax – Chargeable gains – Replacement of business assets – Company disposed of premises and acquired freehold of premises occupied by tenants – Eight months later parent of taxpayer acquired lease and occupiers vacated so company and parent could transfer business to new premises – Whether roll-over relief available – Capital Gains Tax Act 1979, sec. 115(1); Income and Corporation Taxes Act 1970, sec. 276(1).

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