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Posted Fri, 03 Jan 2025 13:09:35 GMT by ADRIAN BOWDEN
The property has been let on an AST for 30 years, then FHL for the last year. If the property is sold before 6 April 2025, will the CGT be all 10% (BADR), or 10% for the last year of FHL and 24% for the 30 years of AST? Alternatively will Business Asset Rollover Releif apply if the property is sold before 6th April 2025, and the proceeds are 100% reinvested in another FHL within 3 years?
Posted Tue, 14 Jan 2025 14:31:48 GMT by HMRC Admin 17 Response

Hi ,
 
In order to qualify for BADR it must have been a buisness for at least 2 years which is not the case for you.

Only the FHL period is the business and you have not had it for 2 years.

Please refer to :

 Business Asset Disposal Relief  .

Thank you .

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