Entrepreneurs Relief, once dubbed ‘the UK’s worst tax break’, was designed initially to entice entrepreneurs to start a new business by reducing the amount of Capital Gains Tax payable when the time comes to sell the business assets. This has now changed following a review of the service and has become the Business Asset Disposal Relief scheme.
But what are the changes, advantages, and disadvantages of the new scheme? Our guide includes the below topics:
- What’s changed?
- Who can claim it?
- The calculation
- Claiming the relief
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