Temporary concessions made to reliefs and exemptions

Capital Acquisitions Tax Business Relief

Business Relief is clawed back where a business ceases to trade within 6 years of a gift or inheritance.

A temporary concession from the clawback provisions applied where a business temporarily ceased to trade due to COVID-19 restrictions.

As all COVID-19 restrictions (outside of hospitals and medical settings) ended during 2022, the concession no longer applies.

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