The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
TCGA 1992, s 169H(1)
TCGA 1992, s 169N
The computational aspects are discussed below.
When calculating the capital gain or loss on the disposal of land or buildings used in the business, you should consider the HMRC ‘Capital gains tax for land and buildings’ toolkit. The aim of the toolkit is to help identify the key risks for the CGT reporting of disposals of land and buildings.
Also see the Checklist ― entrepreneurs’ relief for issues to consider when considering the application of entrepreneurs’ relief.
The conditions for relief explained below are complicated and are summarised in the Flowchart ― summary of conditions for entrepreneurs’ relief.
Firstly, relief is available where there is either:
a material disposal of business assets TCGA 1992 ss 169H 2 a 169I a disposal which is associated with
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