Entrepreneur's relief in rental property protfolio?

Monsoon
Monsoon Registered Posts: 4,071 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
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

  • deanshepherd
    deanshepherd Registered Posts: 1,809 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    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.
  • Monsoon
    Monsoon Registered Posts: 4,071 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    Cheers Dean, glad I'm not mad (for once!) ;)
  • PGM
    PGM Registered Posts: 1,954 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    I believe in some circumstances they could be eligible for stamp duty relief.
  • deanshepherd
    deanshepherd Registered Posts: 1,809 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    glad I'm not mad

    No comment!
  • Monsoon
    Monsoon Registered Posts: 4,071 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    No comment!

    Very wise :D
  • T.C.
    T.C. Registered, Tutor Posts: 1,448 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    I have looked into reliefs like this before and have found nothing! I don't think there is anything to claim.
  • PGM
    PGM Registered Posts: 1,954 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    T.C. wrote: ยป
    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. Registered, Tutor Posts: 1,448 Beyond epic contributor ๐Ÿง™โ€โ™‚๏ธ
    Yes
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