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TAXbite: Business asset disposal relief

Author: Tax Faculty

Published: 01 Nov 2019

A guide to the 2018 and 2019 changes to entrepreneurs' relief, which was renamed business asset disposal relief (BADR) following the 2020 Spring Budget.

This TAXbite was recorded in November 2019 and explains the introduction of the two-year ownership test and the economic ownership test to the capital gains tax relief which was then known as entrepreneurs' relief.

In the Spring Budget 2020 entrepreneurs' relief was renamed business asset disposal relief and the lifetime limit was reduced from £10m to £1m. While this recording refers to entrepreneurs' relief, its guidance on the changes to the relief remain accurate.

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