Capital gains tax

Business exit strategies

Business exit strategies

At some point, you will want to stop working in your business and either sell up – in which case business exit strategies are a crucial element of your financial strategy and could make all the difference to your long-term personal finances – or hand over the reins to your successors, in which case good …

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Entrepreneurs' Relief

Entrepreneurs’ Relief

CGT Entrepreneurs’ Relief Explained   Entrepreneurs relief was introduced to help protect entrepreneurs from rises in CGT rates. The Entrepreneurs’ relief is available to individuals (or trustees in some circumstances) but not to limited companies. Entrepreneurs’ relief can apply when you sell part or all of your business or shares in your own company after …

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gains tax

Capital Gains Tax Guide

An Introduction to Capital Gains Tax   Capital Gains Tax (CGT) applies when chargeable assets are discarded of and is applicable to individuals and trustees but not to private companies, although private companies do pay Corporation Tax on the gains that they make. Chargeable assets include all forms of property unless it is specifically exempt. …

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entrepreneur's relief on sales of business

How Capital Gains Tax Helps you Qualify For Entrepreneur’s Relief

Important changes to the capital gains tax rules relating to sales of businesses by individuals were introduced from 6 April 2008 which have been revised further as of April and June 2010 plus again in April 2011. Although the previous rules relating to “taper relief” were complex, it was possible for many people selling businesses …

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