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Don’t just sit there!

Shared from Tax Insider: Don’t just sit there!
By Mark McLaughlin, July 2024

Mark McLaughlin warns that a business’s activities need to be sufficient to amount to a ‘trade’ for business asset disposal relief purposes. 

Business asset disposal relief (BADR) usefully offers a capital gains tax (CGT) rate of 10% on lifetime gains of up to £1m, where certain conditions are satisfied. 

Jumping the BADR hurdles 

However, the BADR relief conditions can be difficult. A detailed analysis of the rules is beyond the scope of this article. However, in very broad terms, BADR is available in respect of (among other things) a material disposal of a company’s shares where for a minimum of two years to disposal: 

  • the company is the individual’s ‘personal company’;  

  • the individual is an officer or employee of the company (or of a company within the

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