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?

I have sold my second home. When I bought it the property was in a poor state but habitable. I replaced the old kitchen and 2 bathrooms with new, luxury, versions at a cost of £50k. As part of this renovation I also decorated throughout. These works led to a 22% increase in value in 3.5 years. Can I claim these works as improvements for capital gains purposes?