Smart Business Asset Disposal: Maximise Relief & Minimise Tax
💰 Selling business assets can lead to Capital Gains Tax (CGT), but Business Asset Disposal Relief (BADR) offers a reduced rate on qualifying gains. To qualify, the business must be a trading entity, and the seller must have owned at least 5% of the shares for two years. This relief applies to sole traders, partners, and shareholders in personal companies. Planning the timing and structure of asset sales can significantly impact tax liabilities. Consulting with a tax professional is advisable to navigate these complexities effectively. If you need more details, check: https://capitalgainstaxexpert.co.uk/
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