Business Asset Disposal Relief (formerly Entrepreneurs' Relief)
Business Asset Disposal Relief is a valuable capital gains tax relief which may be available when you sell all or part of your business.
Provided that the relevant conditions are met, capital gains tax will be charged at a rate of 10% on the entirety of the gain.
As this is such a precious relief for entrepreneurs, PD Tax recommend that regular reviews are undertaken to ensure that you and your business meet the necessary requirements. We can advise you on whether you qualify for the relief, and if not, recommend steps you can take to ensure that you are eligible on a future sale.