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Entrepreneur's relief in rental property protfolio?

MonsoonMonsoon Font Of All KnowledgeFMAAT, AAT Licensed Accountant Posts: 4,071
Ent's relief is available on qualifying business assets.

Though a large rental property portfolio is taxed on the land and property pages, can it be classed as a business asset?

I'm assuming not, and can't find anything to the contrary, but would be useful if I'm wrong :)

Comments

  • deanshepherddeanshepherd Font Of All Knowledge Registered Posts: 1,809
    I try to think of it as being on 'qualifying businesses' as oppose to qualifying business assets. Highlighting how less extensive entrepreneurs relief is compared to the old taper relief.

    Property portfolios are not a qualifying business.
  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,071
    Cheers Dean, glad I'm not mad (for once!) ;)
  • PGMPGM Font Of All Knowledge Registered Posts: 1,954
    I believe in some circumstances they could be eligible for stamp duty relief.
  • deanshepherddeanshepherd Font Of All Knowledge Registered Posts: 1,809
    Monsoon wrote: »
    glad I'm not mad

    No comment!
  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,071
    No comment!

    Very wise :D
  • T.C.T.C. Experienced Mentor Registered, Tutor Posts: 1,448
    I have looked into reliefs like this before and have found nothing! I don't think there is anything to claim.
  • PGMPGM Font Of All Knowledge Registered Posts: 1,954
    T.C. wrote: »
    I have looked into reliefs like this before and have found nothing! I don't think there is anything to claim.

    Are you including stamp duty (Land duty) in this?
  • T.C.T.C. Experienced Mentor Registered, Tutor Posts: 1,448
    Yes
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