BADR

Hi, I own a company focusing on digital marketing activities. I am also director of this company since its incorporation in 2020. My company has a limited assets like computer, some office furniture etc. I am planning to sell my company to a strategic buyer in the same industry. Am I eligible to claim BADR? Kind regards, 

Name removed admin .

Hi
You would not be eligible as Business Asset Disposal Relief is for sole traders not limited companies.
Guidance is available at: Business Asset Disposal Relief: Eligibility
Thank you

Hi Admin, I don't think this is the case. Providing that the individual has been a director and effectively has ownership of at least 5% of the shares in a company, which has been trading for 2 or more years, then they are likely to be eligible. Could you please confirm that this is the case? Yes you are correct the BADR is "not (for) limited companies", but the individual who posted would likely be able to avail of BADR should they sell the shares in the company to a strategic buyer. Could you confirm this is the case?

Hi,
Please refer to Business Asset Disposal Relief
Thank you.