Paragraph 19 Business asset disposal relief: disposals relating to pre-commencement businesses
United Kingdom
The amendments made by this Schedule do not have effect in relation to a disposal made on or after 6 April 2025 if it is—
a disposal of business assets within section 169I(2)(b) of TCGA 1992 (assets used for purposes of business) where the date on which the business ceases to be carried on is before 6 April 2025;
a disposal of business assets within section 169I(2)(c) of TCGA 1992 (shares in or securities of a company) where—
the disposal is a material disposal by virtue of condition B in section 169I(7) of that Act or condition D in section 169I(7B) of that Act, and
the period of 2 years mentioned in condition B or condition D (as the case may be) ends before 6 April 2025;
a disposal of trust business assets within section 169J(1) of TCGA 1992 where the settlement business assets are—
assets consisting of (or of interests in) shares in or securities of a company in relation to which the period of 2 years mentioned in section 169J(4) of that Act ends before 6 April 2025, or
assets (or interests in assets) used or previously used for the purposes of a business in relation to which the period of 2 years mentioned in section 169J(5) of that Act ends before 6 April 2025;
a disposal associated with a relevant material disposal within section 169K(1) of TCGA 1992, where the date of the material disposal of business assets with which the disposal is associated is before 6 April 2025.