Investors and entrepreneurs – There’s a (tax) difference!
Individual business owners may be aware that a capital gains tax (CGT) rate of only 10% can apply if entrepreneurs’ relief (ER) is available on qualifying business disposals, up to a lifetime limit of £10 million. A relatively newer and less well-known relief, investors’ relief (IR), also provides for a reduced CGT rate of 10% […]
Investors and entrepreneurs – There’s a (tax) difference!
Individual business owners may be aware that a capital gains tax (CGT) rate of only 10% can apply if entrepreneurs’ relief (ER) is available on qualifying business disposals, up to a lifetime limit of £10 million. A relatively newer and less well-known relief, investors’ relief (IR), also provides for a reduced CGT rate of 10% […]