Temporary concessions made to reliefs and exemptions

Capital Acquisitions Tax Business Relief

Business Relief will not be clawed back on gifted or inherited businesses where the business temporarily ceases to trade:

  • due to COVID-19 restrictions
  • and
  • during the six-year period from the date of the gift or inheritance.

The normal practice of not imposing a clawback will continue to apply where a business ceases to trade because of:

  • bankruptcy
  • bona fide winding up on grounds of insolvency.

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