Let’s dive into the introduction of our discussion about how to claim business asset disposal relief in the UK. This tax relief is designed to provide individuals with a way to reduce the amount of Capital Gains Tax they need to pay when selling or disposing of certain business assets. It can be a valuable […]
How to Claim Business Asset Disposal Relief? Read More »
Many readers will no doubt remember the ‘good old days’ when you could wind up a company, pay capital gains tax at only 10% on distributions from the liquidator (with the benefit of entrepreneurs’ relief) and then, if you wished and if practicable, you could start up a similar business in a new company –
Is the ‘Bogeyman’ Made of Straw? Read More »
HMRC have sent out nudge ‘One to Many’ letters to taxpayers who they believe may have claimed Business Asset Disposal Relief (BADR) in excess of the £1 million lifetime limit. Nature of the Relief Formerly known as Entrepreneurs’ Relief, BADR reduces the amount of capital gains tax that is payable where a person sells
Business Asset Disposal Relief – Have you Exceeded the Limit? Read More »
