My client has been offered the Salmon Fishing Beat (Rights) to a stretch of river in Wales.
The asset is income-generating, although only a small yield, but has potential.
There is also an area where a small lodge could be built to provide tea/coffee making and toilet facilities for the visitors.
My question is whether the asset would be classified as a business asset and thereofre would business asset taper relief be available, should the asset be sold in the future for a profit.
Phil Helps