CG77917 - Europe: milk quota: quota as a fungible asset: - Business asset disposal relief

For disposals made on or after 6 April 2008 by individual producers FA08/SCH3 introduced Business Asset Disposal Relief (originally called Entrepreneurs鈥� Relief. This is now embodied in TCGA92/S169H - S, see CG63950+. If the relevant conditions are met by the individual producer Entrepreneurs鈥� relief may be due to reduce the amount of gain chargeable.

Business Asset Disposal Relief does not apply to disposals by corporate producers.