Partial rollover relief

As the title, can anyone explain in layman’s terms how this would apply in the following scenario,

Is it possible to sell a business ie farm/land and use the money generated to re investment only portion of the sale price into another farm/land or business and get relief on only the amount re invested and pay CGT on the remaining ?

Hope that makes sense.... TIA.
 
As the title, can anyone explain in layman’s terms how this would apply in the following scenario,

Is it possible to sell a business ie farm/land and use the money generated to re investment only portion of the sale price into another farm/land or business and get relief on only the amount re invested and pay CGT on the remaining ?

Hope that makes sense.... TIA.
And are there any exceptions to the rule ?
 
In very simple terms the amount of money you receive from a sale less any possible reliefs can be used to roll over in eligible assets. If you do not invest the whole lot into eligible assets then the remaining balance is liable to CGT.
 
In very simple terms the amount of money you receive from a sale less any possible reliefs can be used to roll over in eligible assets. If you do not invest the whole lot into eligible assets then the remaining balance is liable to CGT.
Is there somewhere I can find a list of eligible assets to reinvest in ?
 
Does land let out under FBT rules still allow the use of partial rollover relief for that specific area of land if sold ? TIA.
 

midlandslad

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Midlands
Does land let out under FBT rules still allow the use of partial rollover relief for that specific area of land if sold ? TIA.
only applies to the proportion of the ownership period that you were farming the land, so if let for 10 years and farmed for 5 years, you would get rollover relief on 33% of the value
 
only applies to the proportion of the ownership period that you were farming the land, so if let for 10 years and farmed for 5 years, you would get rollover relief on 33% of the value
only applies to the proportion of the ownership period that you were farming the land, so if let for 10 years and farmed for 5 years, you would get rollover relief on 33% of the value


This may be a stupid question but where does the 33% come from
 

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