Karen Rushton
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Business Asset Disposal Relief on FHL where jointly owned with spouse
Myself and my husband have just sold our FHL which was jointly owned 50:50. The FHL has met the conditions for Business Asset Disposal Relief for the previous two years. While in operation, 100% of the income from the FHL was declared on my own self assessment form as allowed under the FHL rules, and I have paid any tax due. My query is whether both myself and my husband can claim Business Asset Disposal Relief as joint owners or only myself as I have previously declared all of the income ?