Lee Sharpe looks at two tax cases that highlight some of the intricacies of capital gains tax business asset disposal relief.
Capital gains tax (CGT) business assets disposal relief (BADR) may have been introduced only fairly recently in 2020 but it is, of course, based on entrepreneur’s relief (ER), which first aired in April 2008, although it has been subject to various refinements over the years, as the government has largely sought to limit the utility and availability of the relief (veteran readers may well recall that ER was itself hastily carved out of the ancient retirement relief regime).
This article looks at two fairly recent tax cases that may be of use to current BADR claimants, even though they arose from assessment years when ER was in point.
#1 Extent of non-trading activities
BADR is available in respect of shares, etc., in &lsquo
