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taxadvisor.uk, Chartered Certified Accountant
Category: Tax
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Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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Is Entrepreneurs Relief available on a Buy -to-let property

Resolved Question:

Is Entrepreneurs Relief available on a Buy -to-let property sold in 2015/16?
Submitted: 9 months ago.
Category: Tax
Expert:  taxadvisor.uk replied 9 months ago.

Hello and welcome to JustAnswer. I am here to help you. I am reviewing your question and will respond to you shortly.

Expert:  taxadvisor.uk replied 9 months ago.

Thank you for your question..

In order to qualify for Entrepreneurs' Relief you should be disposing of any of the following

- all or part of your business

- shares in a company

- assets you lent to your business

A buy-to let property does not fall in any of the above and therefore you would not qualify for Entrepreneurs' Relief on gain made for CGT purposes, I'm afraid.

More information on Entrepreneurs' Relief can be found here

https://www.gov.uk/entrepreneurs-relief/eligibility

I hope this is helpful and answers your question.

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