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Business asset disposal relief

Answer
Eloise Brown
Posted Thu, 28 Nov 2024 10:18:34 GMT by Eloise Brown
If a limited company which traded since 2014 but has not had any sales since 2020 is looking to close. The director of the limited company who owns over 5% of the shares wants to claim Business asset disposal relief. If they look to close in the 24-25 tax year, can they still qualify for BADR if they were not recorded as dormant?
Answer
HMRC Admin 19 Response
Posted Thu, 05 Dec 2024 10:03:01 GMT by HMRC Admin 19 Response
Hi,
You can see guidance here:
Business Asset Disposal Relief
Thank you.

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