CG64120 - Business Asset Disposal Relief: calculation: introduction: scope of guidance
Entrepreneursâ€� Relief was renamed in Finance Act 2020 with effect from 6 April 2020. »Ê¹ÚÌåÓýapp new name is generally used in this guidance but should be read as applying to times before that date.
»Ê¹ÚÌåÓýapp guidance between CG64125 to CG64145 deals with calculation of the amount of the “chargeable gainsâ€� after Business Asset Disposal Relief. »Ê¹ÚÌåÓýapp following are covered:
| Manual page | - | - |
|---|---|---|
| CG64125 | Amount of the relief - General | TCGA92/S169N |
| CG64130 | Amount of the relief - General - Examples | - |
| CG64135 | Amount of the relief - General - Held over gains | - |
| CG64136 | Amount of the relief - General - Rolled over gains | - |
| CG64140 | Special provisions for certain Trust disposals | TCGA92/S1690 |
| CG64145 | Special provisions for certain associated disposals | TCGA92/S169P |
Business Asset Disposal Relief does NOT give a blanket exemption from Capital Gains Tax where the relevant qualifying conditions are met. For disposals made up to 22 June 2010 it acts to reduce the amount of qualifying gains to arrive at “chargeable gains� that are then liable to Capital Gains Tax at the normal rate. For disposals made on or after 23 June 2010 qualifying gains are liable to Capital Gains Tax at a relief rate of 10%.