badr

Question 1

who is badr available to?

Answer 1

• sole traders / partners selling all or part of their business (inc disposal of furnished holiday letting business)
• directors / employees who dispose of shares/securities in the personal trading company they work for
• directors / employees who acquired shares under the EMI option scheme

Question 2

reporting claim

Answer 2

• claim must be reported on / before the anniversary of 31st jan following end of the tax year of disposal

Question 3

rates etc

Answer 3

• qualifying disposal pay reduced cgt of 10% regardless of which type of tax payer they are
• treated as having used up basic rate band for other gains
• aea should be allocated to other gains to reduce amount paid at higher rate