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Where Taxpayers and Advisers Meet

Business Asset Disposal Relief

Haydon1
Posts:11
Joined:Fri Feb 08, 2019 10:53 am
Business Asset Disposal Relief

Postby Haydon1 » Fri Apr 15, 2022 9:42 am

Can BADR be claimed if a business premises (that has been owned for over 20 years by a sole trader) is sold but the business continues to trade elsewhere?

Thank you

Scotty1904
Posts:3
Joined:Tue May 03, 2022 2:12 pm

Re: Business Asset Disposal Relief

Postby Scotty1904 » Tue May 03, 2022 2:23 pm

BADR is not available if there has not been a disposal of all or part of a sole trader business. Disposal of an asset used in the business does not qualify if the business continues as before


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