CGT versus Entrepeuneurs relief
I have a client that in 2009 bought business assets for £x. It was a fleet of 13 narrow boats. She has sold one of them for a nice profit in Feb 2013. I have therefore divided the fleet by 1 13th to give the cost amount for capital gains. However, as this is a business asset, she is a sole trader; am i correct in assumption that she can claim entrepenuers relief at 10% instead of 18% CGT as she has disposed of a business asset? Anyone any experience of this please?