A couple both aged over 55 carry on business owning two shops. They sell one of the shops but carry on their business through the other shop.
Lawyer Answers (1): Answers from lawyers are general preliminary responses. They are not formal legal advice and cannot taken account of all your circumstances. They do not create a lawyer–client relationship.
Since the nature of their work continues through the other shop they will probably be considered as having sold the first shop not in connection with their retirement.
If one spouse stops working altogether, the sale of the shop may be considered as sold in connection with the retirement of that spouse.