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home | Entrepreneurs Relief

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:

Structuring disposals free of capital gains tax whilst UK resident
31/07/2009
Structuring disposals free of capital gains tax whilst UK resident 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 . . . keep reading
Does it still make sense to rent property to your trading company to reduce taxes?
11/02/2009
Does it still make sense to rent property to your trading company to reduce taxes? 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 . . . keep reading
Entrepreneurs relief for non doms and the remittance basis
1/12/2008
Entrepreneurs relief for non doms and the remittance basis 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. . . . keep reading
Using an LLP to maximise Entrepreneurs Relief and reduce capital gains tax
07/11/2008
Using an LLP to maximise Entrepreneurs Relief and reduce capital gains tax 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 . . . keep reading
Should you hold shares or property via a trading company or invest personally?
17/09/2008
Should you hold shares or property via a trading company or invest personally? If you own a UK trading company that has surplus cash balances it can often seem appealing to use the company funds to purchase any investments you're considering. This article looks at whether you should invest in shares & property via your company or extract cash and invest personally . . . keep reading
Tax treatment of cash when you close down a company
18/08/2008
Tax treatment of cash when you close down a company 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 . . . keep reading
AIM shares and Entrepreneurs Relief
06/08/2008
AIM shares and Entrepreneurs Relief 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 . . . keep reading
Reducing your capital gains tax to 10% on overseas property
Reducing your capital gains tax to 10% on overseas property Establishing that a trade exists can be highly advantageous when it comes to minimising your UK taxes on overseas property. This article looks at the new capital gains tax rules applying after April 2008 and how you can still qualify for a 10% rate of CGT. . . . keep reading
Entrepreneurs relief for property developers?
21/04/2008
Entrepreneurs relief for property developers? 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. . . . keep reading
Maximising Entrepreneurs Relief to reduce CGT - Part II
Maximising Entrepreneurs Relief to reduce CGT - Part II This article continues from our previous article and looks at how anyone planning on selling a company could maximize Entrepreneurs Relief to reduce CGT. . . . keep reading
How to maximise entrepreneurs relief on a sale of shares - Part 1
14/03/2008
How to maximise entrepreneurs relief on a sale of shares - Part 1 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. . . . keep reading
Effective rates of CGT in 2008/2009 after new Entrepreneurs relief has been claimed
25/01/2008
Effective rates of CGT in 2008/2009 after new Entrepreneurs relief has been claimed The new Entrepreneurs relief has a significant impact on the amount of capital gains tax payable, even on gains well over the £1,000,000 threshold. This table illustrates the CGT payable and the effective rate of CGT you would be paying after Entrepreneurs relief to show the tax savings available from claiming this relief. . . . keep reading
Splitting ownership to maximise entrepreneurs relief
18/03/2008
Splitting ownership to maximise entrepreneurs relief 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. . . . keep reading
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