Now the Budget has been and gone we have some certainty, for the next couple of years at least, on the rate of CGT that applies to Business Asset Disposal Relief which is detailed below on the lifetime allowance of £1Million:
- 10% on disposals until 5 April 2025
- 14% on or after 6 April 2025
- 18% on or after 6 April 2026
Should you or your clients be incentivised by the potential saving and would like to explore a Members Voluntary Liquidation, then please contact PBC Business Recovery & Insolvency on 01604 212150 (Northampton), 01908 033150 (Milton Keynes), 01234 989150 (Bedford) or email to enquiries@pbcbusinessrecovery.co.uk. Alternatively, visit www.pbcbusinessrecovery.co.uk for further information.