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This note deals with the following types of business asset reliefs:

1. •

   rollover relief on replacement of business assets

2. •

   incorporation relief

3. •

   capital gains tax (CGT) deferral relief under the enterprise investment scheme (EIS)

4. •

   CGT reliefs on company reconstructions

5. •

   losses on loans to traders

So-called ‘business’ hold-over and business asset disposal relief (formerly entrepreneurs’ relief), are dealt with in the Holdover relief for disposals by trustees and Business asset disposal relief (entrepreneurs’ relief) ― trusts guidance notes.

Except where noted otherwise, these reliefs are available both to personal representatives and to trustees. For brevity, this note omits any further reference to personal representatives except where such reliefs specifically do not apply or are not available to them.