Pro-Taxman

Selling Shares

Stamp Duty

Tax tip! When you buy shares over £1000 you have to pay stamp duty of 0.5% on the transaction. Read more…

Stamp duty on share transactions Stamp duty is the oldest of our surviving taxes – dating as far back as 1694 – although the scope of the tax has considerably reduced over time and is now entirely limited to paper transactions in shares. Stamp Duty is generally payable on non-electronic share deals on transactions valued …

Tax tip! When you buy shares over £1000 you have to pay stamp duty of 0.5% on the transaction. Read more… Read More »

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 »