Part V Transfer of business assets
F1 Chapter 3Entrepreneurs’ relief
169MRelief to be claimed
(1)
Entrepreneurs' relief is to be given only on the making of a claim.
(2)
A claim for entrepreneurs' relief in respect of a qualifying business disposal must be made—
(a)
in the case of a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
(b)
otherwise, by the individual.
(3)
A claim for entrepreneurs' relief in respect of a qualifying business disposal must be made on or before the first anniversary of the 31 January following the tax year in which the qualifying business disposal is made.
(4)
A claim for entrepreneurs' relief in respect of a qualifying business disposal may only be made if the amount resulting under section 169N(1) is a positive amount.