Here is our latest video with Graeme Blair our Tax Partner explaining Entrepreneurs relief.
Entrepreneurs relief is a valuable tax relief at an appealing rate of only 10%. It benefits individuals who have personally devoted their time to the growth of their business.
Entrepreneurs relief is available on the disposal of a trade by the self employed or shares in a trading company. As ever there are conditions such as the trade or trading company must have been owned by the entrepreneur throughout the one year prior to the disposal.
In the video Graeme goes on to explain Entrepreneurs relief in more detail.
The information in this article was correct at the date it was first published.
However it is of a generic nature and cannot constitute advice. Specific advice should be sought before any action taken.
If you would like to discuss how this applies to you, we would be delighted to talk to you. Please make contact with the author on the details shown below.
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