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. 

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