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The Entrepreneurs’ Relief is one of the most attractive tax reliefs in the UK. It reduces the amount of Capital Gains Tax paid on disposals of qualifying:
You can claim up to:
Not all businesses are eligible! In order for your business to qualify for the Entrepreneurs’ Relief, it must be one of the following:
Bear in mind, companies in financial services or investments will not qualify.
Again, to be eligible, you’ll have to meet one of the following:
Here are the simple steps for calculating how much you could be entitled to:
Yes, it is! But only if these conditions are met:
If the shares are from an EMI, You must have bought the shares after 5 April 2013 and been given the option to buy them at least 2 years before selling them.
If you’re not sure what the Enterprise Management Scheme (EMI) is, you can read more about it here.
In this case, you may be eligible to claim up to £10,000,000 (the Entrepreneurs’ Relief was reduced in the 2020 budget).
You might also need to only have owned the shares or business for a year instead of two.
There are two ways in which you can claim this relief. You can either:
🕢 You have three years from the sale until you can claim. 🕢
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