Pro-Taxman

Entrepreneurs relief

Entrepreneur Relief

The £10 million lifetime limit for entrepreneur’s relief is to be reduced to £1m for disposals. Read more…

ER but not as we know it The Spring Budget 2020 announced a significant restriction on future availability of entrepreneurs’ relief (ER) for individuals who dispose of all or part of their business, individuals who dispose of shares in their personal company, and trustees who dispose of business assets.   Broadly, the lifetime limit of …

The £10 million lifetime limit for entrepreneur’s relief is to be reduced to £1m for disposals. Read more… Read More »

Today’s blog covers the things you need to know about entrepreneur’s relief to reduce capital gains tax.

Entrepreneurs’ relief is intended to reduce the rate of capital gains tax to a flat rate of 10% on certain qualifying business disposals. Certain aspects of the relief have recently changed, and this may affect any subsequent tax liability. A qualifying business disposal must include a material disposal of business assets. For these purposes, a …

Today’s blog covers the things you need to know about entrepreneur’s relief to reduce capital gains tax. Read More »