Business Asset Disposal Relief - A Bitesized Update & Refresher

Introduction

Presented by expert speaker Chris Thorpe, this short, focused webinar offers accountants and tax advisers a clear refresher on the essentials of Business Asset Disposal Relief (BADR) - what it is, when it applies, and the key issues to watch out for when advising clients.

What You Will Learn

This webinar will cover the following:

• A brief overview of what BADR is
  • Core purpose and current lifetime limit
  • Key qualifying conditions and typical claim scenarios
• When BADR applies and to which disposals
  • Main qualifying disposals: shares, securities, and business assets
  • Personal company and trading requirements
  • Common pitfalls and areas HMRC may challenge
• Associated disposals
  • What counts as an associated disposal
  • Basic conditions and the main restrictions to be aware of
• BADR and trusts
  • When trustees can claim BADR
  • Requirements for qualifying beneficiaries and shareholdings