It may have escaped your attention that entrepreneurs' relief has been rebranded to business asset disposal relief.
The change, which came into effect on 6 April, follows the reduction in the lifetime limit for the relief from £10m to £1m.
In this video, Tony Wickenden explains the drivers for the change to the lifetime limit, and provides a quick recap of the conditions to be met in order to qualify.
Tony also looks at what qualifies as a trading company, and the question of whether holding a large amount of cash in the business affects whether a company will still qualify for the relief.
Through Techlink Professional and Techlink Communicator we enable you to:
- Be better informed
- Reduce risk
- Do more business
- Communicate better and smarter
- Save time