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Ceasing an FHL business on 5th April 2025

Answer
Johnofengland
Posted 2 months ago by Johnofengland
Hello I have run an FHL for the last 10 years. I will be ceasing all trading as at 5th April 2025 and selling the asset later in 2025. Am I right it will still be classed as a Business Asset sale for Capital Gains tax purposes as the FHL business will have ceased before 6th April 2025 and therefore the rate of CGT tax will be 14% on chargeable gains?
Answer
HMRC Admin 21 Response
Posted about a month ago by HMRC Admin 21 Response
Hi,
HMRC cannot comment on future events as legislation and/or plans may change.
Thank you.

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