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Certain lifetime gains of up to £10m can now qualify for this relief and will reduce CGT payable to just 10% of the taxable gain.
However to qualify for this relief you will need to satisfy certain criteria:
All of these conditions need to be met for at least 12 months prior to the disposal.
Disclaimer – Please note:The ideas shared with you in this factsheet are intended to inform rather than advise. Taxpayers' circumstances do vary and if you feel that tax strategies we have outlined may be beneficial it is important that you contact us before implementation. If you do or do not take action as a result of reading this tax factsheet, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.
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