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If you decided to move on from your business, the good news is that you may take advantage of something called the Entrepreneurs’ Relief.
It’s one of the most attractive tax reliefs in the UK:
Yes, if it’s one of these kinds of businesses:
But not companies who are in financial services or investments.
Yes, if:
Yes, but only if:
If you don’t know what the Enterprise Management Scheme (EMI) is, you can read more about it here.
You might be eligible to claim up to £10,000,000 – the Entrepreneurs’ Relief was recently reduced.
You might also need to only have owned the shares or business for a year instead of two.
Either:
You have three years from the sale until you can claim.
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