Business asset disposal relief - have we seen the end of it?

The clue is in the title for business asset disposal relief. When entrepreneurs’ relief was rebranded in legislation introduced in 2020 as ‘BAD relief’ it was pretty clear what some in the Treasury thought of it. 

As we approach Rachel Reeves’ first Budget as chancellor these may be the last days for business owners to benefit from what has previously been badged by the Resolution Foundation as the ‘UK’s worst tax break’ (tinyurl.com/2s3fmvjk). As such it feels an appropriate time to reflect back on how we’ve got here and whether the bad press that might ultimately lead to it being cancelled has been justified.

Is it so bad?

BAD relief (BADR) has been around in one form or another for over 16 years now but for the uninitiated it is broadly a relief that allows some taxpayers to benefit from a 10% capital gains...