Send us a message
Fill in our form and we'll get back to you as soon as possible
Contact our offices
Make an enquiry
From 6 April 2008 disposals of qualifying businesses and business assets have been eligible for Entrepreneurs’ Relief.
In simple terms, it allows business owners to reduce their Capital Gains Tax liability to the equivalent of 10 per cent of the chargeable gain.
The following notes will give you some idea of the conditions attached to Entrepreneurs’ Relief. The list is not exhaustive.
Relief does not apply:
The relief will be available to set off against any number of qualifying gains up to a lifetime limit, which is currently £10 million.
In 2018 it was suggested that the operation of Entrepreneur'sRrelief should be reviewed as part of a review of capital taxes generally, so changes are to be ecpected.