An individual has owned a commercial property for the last 10 years.
The property has been used by his personal company for the last 4 years. Both the shares in the company and the property have now been sold, and the property qualifies as an "associated disposal".
For the first 4 years of ownership, the property was used by a different personal company of the individual, but the property was retained when that company ceased trading. For the next 2 years the property was rented to an unconnected Unlisted Company.
Section 169P(4) TCGA 1992 requires a restriction to the Gain that qualifies for Entrepreneur's Relief, but should the Gain that qualifies for Relief be restricted to:
A. 4/10ths of the Gain?
B. 8/10ths of the Gain?
C. No restriction is required?
Any clarification or comments gratefully received.