Shaz explains Business Asset Disposal Relief (BADR) - when it can be used, and why you should look to it when selling a business.
KEY TAKEAWAYS
If you run a business for five years and have at least 5% of the share capital - if you sell it you can claim entrepreneur's relief up to the first million pounds.
If you charge rent on the business, then you can't charge Entrepreneur's Relief as it then becomes an investment activity.
BEST MOMENTS
'Where possible, you want to make sure that you can utilise Business Asset Disposal Relief'
'This is called "phoenixing"'
VALUABLE RESOURCES
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ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:
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