Entrepreneur’s Relief: Do you still qualify?
Individuals holding shares in a trading company that they expected would qualify for Entrepreneur’s Relief (ER) on a sale may now lose the relief if the relevant company has alphabet or growth shares in issue.
Paul Bricknell, tax partner at Manchester commercial law firm Kuits, explains what shareholders should be doing now to protect their wealth on exit.
ER provides individuals selling shares in a trading company the opportunity to reduce their Capital Gains Tax charge from 20% to 10%. The conditions... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...