Page 96 - P6 Slide - Taxation - Lecture Day 1

Roll-overs

Reinvestment in replacement assets (par 66)

Disposal

AND

Replaced asset qualified for cap. allowances ito 11(e), 12B, 12C,12E,

AND

Amount received will be used to acquire replacement asset(s)

AND

Replacement asset(s) have to qualify for an allowance

AND

Within 12 months after the disposal

AND

Replacement asset will be brought into use within 3 years of the disposal