Business assets disposal relief
You'll learn how Business Asset Disposal Relief (BADR) reduces your capital gains tax to a flat 14% rate on qualifying business disposals.
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In this lesson
- 0:00 Introduction to CGT reliefs overview
- 0:31 Business asset disposal relief explained
- 1:45 BADR lifetime limit and claim deadline
- 2:05 Qualifying disposals for BADR
- 3:07 Two-year ownership requirement
About this lesson
This lesson covers what counts as a qualifying disposal—including selling your sole trader business, partnership assets, or substantial shares in your own trading company—plus the two-year ownership requirement, the £1 million lifetime limit, and how BADR gains interact with your basic rate tax band. Understanding BADR is essential for TX and ATX papers, as it's a key relief that can significantly reduce your tax liability when you exit a business.
Duration: 3m
Transcript
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