Can anybody help, please?
I have a client who is in partnership with his wife. The facts are as follows:-
The property was purchased in 1991 as their matrimonial home.
Part of the premises was used as a surgery with effect from October 1997
The couple separated in June 2009 and the wife continued to live there.
They are now proposing to sell the house.
I appreciate that the part of the property used for the business will rank for Entrepreneurs Relief. However, I am unclear whether the 3 year exemption rule would apply to the business section leading up to the sale.
By the way, I think that this forum is fantastic.
Replies (2)
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Are you sure that Entrepreneur's Relief will be available?
Is the business still being carried on in the property?
Is the business ceasing?
EDITÂ - disregard my questions, I remember your previous related (I assume) posts