Business Asset Disposal Relief
How to claim
You can claim Business Asset Disposal Relief either:
- through your Self Assessment tax return
- by filling in Section A of the Business Asset Disposal Relief helpsheet
There’s no limit to how many times you can claim Business Asset Disposal Relief.
You can claim a total of £1 million in Business Asset Disposal Relief over your lifetime.
You may be able to claim more if you sold your assets before 11 March 2020. Contact HMRC to find out.
Deadline
| Tax year when you sold or closed your business | Deadline to claim Business Asset Disposal Relief |
|---|---|
| 2025 to 2026 | 31 January 2028 |
| 2024 to 2025 | 31 January 2027 |
| 2023 to 2024 | 31 January 2026 |