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Practical points on entrepreneurs’ relief.
KEY POINTS:
- Furnished holidays lettings – disposing of part of a business.
- Planning consent and hope value.
- Disposal of trust assets owned by the trustees.
- Structuring the sale of assets owned jointly by spouses.
- Selling the shares of a departing director.
Nothing in tax is simple and capital gains tax entrepreneurs’ relief is a perfect example of that. In this article I will outline some important areas of that relief that may not always seem apparent.
Part of a business
It is well known that for a sole trader to benefit from entrepreneurs’ relief on his business assets he must show that he has disposed of all or part of his business. To decide what is meant...
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