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This Virtual Tax Partner © 'VtaxP' © tool checks Business Asset Disposal Relief conditions for the disposal of the whole or part of a business, or assets used by the business when it ceases.

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Business Asset Disposal Relief (BADR) (formally called Entrepreneurs' Relief) is a relief that reduces the rate of Capital Gains Tax (CGT) paid to 10% on the disposal of a qualifying business asset.

The difficult part is working out the different rules.

Does your disposal qualify for BADR?  

This VtaxP BADR Sole trader tool now overs the following disposals:

Disposals made by an individual:

Covering the following different scenarios:

  1. Disposal of a sole trade business to a third party
  2. Disposal of part of the business to a third party
  3. Disposal of the different assets of a sole trade business 
  4. Disposals with or without goodwill
  5. Disposal to a close company
  6. Disposal to a connected company
  7. Disposal by incorporation followed by a share sale
  8. Disposals that trigger the anti-avoidance rules
  9. All combinations of any of the above

Tool FAQs

1. What does the tool do?

"Congratulations, your business disposal will qualify for Business Asset Disposal Relief"

2. How long does it take?

3. How long did it take to write and test this tool?

4. How long would it take to work your way through the legislation without the tool?

5. Which legislation?

The CGT legislation is:

Section 169H to 169V TCGA 1992, see Business Asset Disposal Relief legislation

6. What is the difficulty rating for Business Asset Disposal Relief?

7. What are the terms and conditions?

This Virtual Tax Partner © 'VtaxP' © tool checks Entrepreneurs' Relief conditions for the disposal of a the whole of part of a business, or assets used by the business when it ceases.

Duration: 365 days
Price: £159.00

Not a subscriber to www.rossmartin.co.uk? Then sign up and add this VtaxP tool at the same time.

Renew your subscription or subscribe for the first time to unlock www.rossmartin.co.uk. The annual fee for a sole practitioner: i.e. a sole trader or single director corporate practice,who is trading out of one office is £399 + VAT. If you are a multi-partner/director firm, the cost is £125 + VAT per additional partner/director (you get one free with each office!).

If you have more than one office then go to the Multi Office subscription (next one down). You are given one free partner/director per office, if you have multiple partners/directors you pay £125 + VAT per additional person.

 

Duration: 365 days
Price: £399.00

Subscribe to unlock www.rossmartin.co.uk. The annual fee is £399 + VAT, per office.

If you have more than one office then you pay £399 + VAT per extra office. this costing gives you one free partner/director per office: these are automatically given logins.

If you are a multiple partner/director business you pay £125 + VAT per fee earning partner or director, this is regardless as to whether they use the service. 

Duration: 365 days
Price: £399.00