? CGT Business Asset Disposal Relief: Maximise Tax Savings
? Selling business assets can trigger Capital Gains Tax (CGT) in the UK. Business Asset Disposal Relief (BADR) offers a reduced CGT rate on qualifying gains. To qualify, the business must be a trading entity, and the seller must have owned at least 5% of the shares for two years. This relief applies to sole traders, partners, and shareholders in personal companies. Planning the timing and structure of asset sales can significantly impact tax liabilities. Consulting with a tax professional is advisable to navigate these complexities effectively. For further information, go to: https://capitalgainstaxexpert.co.uk/
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