Dear All
If a partnership is disposing of a business asset can a non-active partner (owning 50% share for over 1 year) claim ER on the disposal?
Thanks in advance
Entrepreneurs Relief for a non active partner
3 posts • Page 1 of 1
Entrepreneurs Relief for a non active partner
by GL on Fri Nov 20, 2009 4:18 pm
- GL
- Posts: 134
- Joined: Wed Aug 06, 2008 3:52 pm
Re: Entrepreneurs Relief for a non active partner
by AvocadoK on Fri Nov 20, 2009 8:39 pm
Dear GL,
Yes, ER is available whether a partner is active or not (s169I(8)(b) TCGA)
AK
Yes, ER is available whether a partner is active or not (s169I(8)(b) TCGA)
AK
- AvocadoK
- Posts: 846
- Joined: Wed Aug 06, 2008 3:46 pm
- Location: Lancashire
3 posts • Page 1 of 1
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