TAX PLANNING

Entrepreneur’s Relief

ENTREPRENEUR'S RELIEF

Pay less Capital Gains Tax when you sell all or part of your business

Entrepreneurs Relief may be claimed by individuals, rather than companies, either as a sole trader, member of a business partnership, or a limited company shareholder in a trading business. It keeps Capital Gains Tax (CGT) to a rate of 10 per cent on the first £10m of any gains you make when you sell your business. Once you exceed that you will pay CGT at the higher rate (28 per cent).