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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 by...
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