Article Tag: Entrepreneurs’ relief

The Future of Entrepreneurs’ Relief

What is Entrepreneurs’ Relief? Entrepreneurs’ Relief (ER) reduces the rate that Capital Gains Tax (CGT) is paid, from 20% to 10%, when some or all of a business is sold. It is available to most individuals, qualifying beneficiaries and some trustees of settlements. However, this is subject to certain conditions including a lifetime limit of claims… Read more »

Entrepreneurs’ Relief Update: What is the Current Position?

In our previous blog, Important changes to entrepreneurs’ relief announced in autumn 2018 budget, we explained how the proposed changes set out in the Autumn Budget 2018 appear to have added additional conditions that must be met in order for an individual shareholder to qualify for entrepreneur’s relief to reduce their Capital Gains Tax liability to… Read more »

Important changes to entrepreneurs’ relief announced in autumn budget

The recent budget contained a number of important changes, but one that slipped through largely unnoticed at the time of the announcement in Parliament related to changes to the availability of entrepreneurs’ relief. Background to entrepreneurs’ relief: Entrepreneurs’ relief is a tax relief that is widely used on the sale of certain qualifying business assets… Read more »