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C3.302 Entitlement to rollover relief—trades and other business activities

Rollover relief is available for assets used for the purposes of a trade and also, with the necessary modifications, for assets used for the purposes of certain other business activities, including professions, employments and furnished holiday lettings (prior to abolition in April 2025). To aid readability, however, this commentary generally refers only to trades. References to a trade should therefore be taken to include the other business activities unless otherwise stated.

The full list of other business activities in respect of which rollover relief can be obtained is as follows¹:

1. Ìý

   •ÌýÌýÌýÌý a profession, vocation, office or employment². These terms have the same meaning as for income tax purposes³, see B1.401 and E4.205A

2. Ìý

   •ÌýÌýÌýÌý furnished holiday lettings — the furnished holiday let regime is abolished for disposals on or after 1 April 2025 for corporation tax and 6 April 2025 for income tax. The abolition also applies to acquisitions of replacement assets under the rollover provisions