We have three buy-to-let (BTL) properties held in a company. We sold one of them for £205,000 in 2014, and are reinvesting part of the proceeds (£150,000) into a new property (though not in the UK). We paid capital gains tax (CGT) in respect of the 2014 sale, but wondered what, if any reliefs exist to recover part of the CGT in a company?

Arthur Weller replies:
There is no ‘rollover’ relief for a UK residential investment property except when the sold property was (a) a furnished holiday letting, or (b) sold due to a compulsory purchase. The fact that it was sold in a company doesn't change this.