Entrepreneurs' Relief

Entrepreneurs’ relief can reduce your effective rate of Capital Gains Tax from 18% to 10% in certain circumstances. This valuable relief applies to disposals after 5 April 2008.

The key features of the relief are as follows:

  • relief is available for disposals of businesses, interests in businesses and certain disposals of shares in trading companies
  • relief is available where businesses have operated for at least 12 months
  • relief is limited to £1m per person in a lifetime

It is important to note that complex rules govern the availability of the relief for assets owned outside of a personal business.

To ensure that you obtain maximum benefit, it is critical that you review your  entitlement to this relief at the earliest opportunity.

Our team advise on:

  • structuring business ownership to maximise available relief
  • pre-sale planning
  • availability of relief for ‘letting businesses’
  • planning ownership of family assets to maximise relief
  • complex ownership structures
  • compliance requirements to obtain relief

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