Business Asset Disposal Relief question

A director of a private company for 30+ years, who owns more than 5% of the shares, retires as a director in 2019 and only acts as an independent consultant from 2019. Subsequently, the company ceases trading in March 2020 and the retired director receives the proceeds of his company shares in November 2022. Could the retired director claim Business Asset Disposal Relief?

Hi Terry121,

Please refer to guidance at Business Asset Disposal Relief

Thank you.