Business asset disposal relief is to be given only on the making of a claim.
A claim for business asset disposal relief in respect of a qualifying business disposal must be made—
in the case of a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
otherwise, by the individual.
A claim for business asset disposal 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.
A claim for business asset disposal relief in respect of a qualifying business disposal may only be made if the amount resulting under section 169N(1) is a positive amount.