The relief is not as clear cut as it may seem on the basis of current government press releases. Whilst  draft legislation has been published this does not yet include the new entrepreneurs relief, however all the press releases so far refer to relief on the disposal of businesses rather than assets. This is reminiscent of retirement relief which was generally only available as part of at least a partial cessation of business.

Matthew Peters, partner and rural expert at Bruton Knowles explains “This means securing relief will be no means straigth forward for farmers selling off individual assets. Above all else businesses were looking for clarity from the chancellor and whilst the new relief will be welcome for some it is important we see the draft legislation as soon as possible so that business owners can properly plan the future”.

For more information or advice please contact Matthew Peters on 01452 880184 or via email at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it