For the last 10 years, Mr A has been the 100% shareholder and sole director of B Ltd whose sole activity is manufacturing kitchen equipment for sale. The business operates from a freehold building owned personally by Mr A. The ltd co does not pay any rent for the use of the building. Mr A has now received an offer for the assets of the company (not the shares) and for the building. The company will pay CT on the gains within the company. Mr A does not wish to withdraw the remaining cash in the company but rather to use it to fund the company's new business of overhauling boats. However, Mr A wishes to claim Entrepreneurs Relief on the capital gain made on the building. I do not think he can as there is no Material Disposal, but he feels that as he has effectively ceased trading and sold his business he is entitled to claim. Views please.