Can I sell a property from and use rollover relief to buy two more properties to rent out?

July 14th, 2011 by admin

I own a portfolio of 20 properties which I currently rent out. If i were to sell one I have a Capital Gains Tax liability. Can I use the profit from selling one of these houses in order to purchase two more properties to add to my portfolio? Can I use rollover relief to do this, or because letting properties is not classed as a trade, does this prevent me from using rollover relief?

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