ageofduck
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CGT on Compulsory Purchase Order for Residential Property
Hi. The local council have issued a compulsory purchase order for my flat which is a second property for me that I currently rent out. They have offered me the option to use the money to buy a brand new flat. If I took that option, would I be able to use rollover relief to roll any capital gain on the flat into the new replacement flat? Can only seem to find information on CPOs for land online which seem to suggest rollover relief could apply but can't find anything for property! Thanks