CG64120 | Business Asset Disposal Relief: calculation: introduction: scope of guidance
From HM Revenue & Customs · Capital Gains Manual
Entrepreneurs’ Relief was renamed in Finance Act 2020 with effect from 6 April 2020. The new name is generally used in this guidance but should be read as applying to times before that date.
The guidance between CG64125 to CG64145 deals with calculation of the amount of the “chargeable gains” after Business Asset Disposal Relief. The 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%.