Murphy

To clarify my question, is it correct that the BADR increase to 14% in April 2025, and then to 18% from 6 April 2026 will not impact FHL? Providing FHL owners cease business within the 2024 -2025 tax year and sell the property within three years, the 10% rate will still apply?

I am also interested in the answer to Aberdovey Burberry's question and remain confused about this despite reading the Business Asset Disposal Relief helpsheet. Could you therefore please clarify whether, if I cease trading on 5 April 2025 and try to sell my property, I will be eligible for BADR at 10% provided I sell withing the 3 year period or would it rise to 14% then 18% in April 26. Or does the 10% BADR just apply to properties' who have exchanged contract to sell prior to 6 April 2025 provided the sale is completed withing the 3 years.