A part time farmer ( he is also employed as a postman) who has been trading as a sole trader is in a situation whereby he has to sell up.
He has land to sell and the likely taxable profit for CGT is £30K
If half the land is transferred to his wife before the sale then the CGT liability can be minimised.
I understand that he will be able to claim Entrepreneurs' relief. It is possible for his wife to do the same if we registered her as a partner before the sale?
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