Entrepreneur’s relief – the basics

2019-09-02T11:29:46+01:00July 12th, 2019|Categories: Articles & Guides, Blog, Taxation|Tags: , |

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 disposal of business assets is a disposal of: the whole or part of a business; of (or of interests in) one or more assets in use, at the time at which the business ceases to be carried on, for the purposes of the business; [...]