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Podcast: Wealth Made Simple Podcast
Episode: BADR
Description: Shaz explains Business Asset Disposal Relief (BADR) - when it can be used, and why you should look to it when selling a business. KEY TAKEAWAYS If you run a business for five years and have at least 5% of the share capital - if you sell it you can claim entrepreneur's relief up to the first million pounds. If you charge rent on the business, then you can't charge Entrepreneur's Relief as it then becomes an investment activity. BEST MOMENTS 'Where possible, you want to make sure that you can utilise Business Asset...