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Entrepreneurs Relief
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Entrepreneurs Relief
After the changes to the capital gains tax regime after April 2008 Entrepreneurs Relief is now the key tax reduction relief for many business owners. It can provide for an effective CGT rate of 10% for disposals of businesses, shares and also property in certain circumstances. Articles on Entrepreneurs Relief include:
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Structuring disposals free of capital gains tax whilst UK resident
31/07/2009
Individuals are subject to an 18% rate of capital gains tax when they sell assets. If they're selling a business or an interest in a business they can reduce the effective rate of CGT to 10%. But what about completely avoiding CGT? In this article we look at one strategy using a company and the substantial shareholding exemption to completely avoid capital gains tax . . .
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Does it still make sense to rent property to your trading company to reduce taxes?
11/02/2009
Many business owners own business premises personally and let their company trade through the premises. The main advantage to this is in terms of selling the business property separately from the business. The owners have a choice whether to charge the company rent for the use of the property or not. In many cases charging rent will not now be tax efficient. This article looks at the tax advantages and disadvantages of charging rent following the tax changes applying from 6 April 2008 . . .
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Entrepreneurs relief for non doms and the remittance basis
1/12/2008
Entrepreneurs Relief applies to the disposal of trading businesses and also shares in certain trading companies. It can apply to non UK domiciliaries selling overseas businesses or shares in overseas trading companies. This article looks at how Entrepreneurs Relief applies to non domiciliaries when they are taxed on the arising basis or the remittance basis. . . .
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Using an LLP to maximise Entrepreneurs Relief and reduce capital gains tax
07/11/2008
The new Entrepreneurs Relief provisions provide anyone selling a trading business with a significant reduction in their capital gains tax liability. Many business owners will look to establish businesses using a company but is this always the best structure? This article looks at the advantages of using an LLP in terms of maximising Entrepreneurs Relief and reducing capital gains tax . . .
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Tax treatment of cash when you close down a company
18/08/2008
Where you have retained cash balances within a company, it's important to be able to access the cash tax efficiently. This is particularly the case if you've left the UK and want to extract the cash whilst non UK resident. This article looks at extracting cash from companies if you're UK resident or non UK resident . . .
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AIM shares and Entrepreneurs Relief
06/08/2008
Anyone holding or investing in shares listed on the Alternative Investment Market ('AIM') will be aware of the highly beneficial tax reliefs on disposal before April 2008. The changes to the CGT regime have however also brought a number of changes for AIM investors. This article looks at how AIM investors will be taxed on disposals after April 2008, and in particular how the new Entrepreneurs Relief will apply . . .
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Entrepreneurs relief for property developers?
21/04/2008
Entrepreneurs relief is effectively the successor to business asset taper relief and can provide for an effective tax rate of just 10% on certain qualifying disposals. Given this highly attractive rate of tax many non UK domiciliaries will be wondering whether they could qualify for it. This article explains when property developers could qualify. . . .
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How to maximise entrepreneurs relief on a sale of shares - Part 1
14/03/2008
Entrepreneurs relief is a new capital gains tax relief to apply for disposals after 5 April 2008. It was introduced in part due to the uproar from business owners when the CGT rate was reduced to 18%. To smooth the waters the Government announced this new relief that would allow the effective 10% rate of CGT to still be obtained - subject to a whole host of conditions being satisfied. This article looks in detail at how the relief operates for a sale of company shares. . . .
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Splitting ownership to maximise entrepreneurs relief
18/03/2008
The fact that the £1,000,000 lifetime allowance for Entrepreneurs Relief purposes is per person means that there could be substantial tax advantages from splitting ownership. This article looks at the tax implications and opportunities from splitting ownership to maximise Entrepreneurs Relief and minimise capital gains tax on a company disposal. . . .
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