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... For the full story register now for free or login below...