This is probably a simple question, but it isn't something I have had to deal with before.
I have posted a separate question regarding winding up a company, but have separated this question as I think it is different enough.
I have a client who is selling a B&B that is also their only home.
It is owned personally and there has been no rent charged to the company for use of the property.
My question is regarding whether it can be treated as a business asset, whether there is a claim that some/all of the property is considered as their main residence and no capital gain applicable.
Are there any other considerations I need to ensure I can claim entrepreneurs relief on the sale.
Apologies if this question is quite simple, but I want to make sure I get it right, and as a part time sole practitioner, it is not something I come across very often.