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Business Asset Disposal Relief question

Posted Wed, 23 Aug 2023 16:16:13 GMT by
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?
HMRC Admin 20
Posted Wed, 30 Aug 2023 11:56:56 GMT by HMRC Admin 20
Hi Terry121,

Please refer to guidance at Business Asset Disposal Relief

Thank you.


 

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