Commentary on Sections Overview Chapter 7: Roll-over relief in case of realisation and reinvestment Section 762: Realisation and reacquisition
2056.This section treats an intangible fixed asset that is realised and subsequently reacquired as a different asset for the purposes of the reinvestment relief rules. It is based on paragraph 44 of Schedule 29 to FA 2002.
2057.This enables relief to be given where, for example, a company has a change of business plans.