Imagine now that Ian (in the above example) buys another freehold building for business use in November

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Imagine now that Ian (in the above example) buys another freehold building for business use in November 2020 and elects to transfer the held -over gain on the plant and machinery to the new freehold building. Explain the treatment of the held -over gain if the new building costs:

(a) £250,000

(b) £190,000.

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