Sheltering profits from your business in a company is all well and good, but at some point you’ll want to retire and get your money out. When the time comes how can you ensure maximum tax efficiency?
Published 11.06.2013
Sheltering profit in a company is fine, but keeping it in cash or investments can jeopardise entrepreneurs’ relief (ER) when you come to sell or wind up the business. Why and what steps can you take
to avoid this happening?
Published 05.11.2015
If you make a gain from selling your company, entrepreneurs’ relief (ER) can reduce your tax bill if you’ve been employed by it for at least a year. However, this condition has a catch. What is it
and how can you avoid getting caught?
Published 27.11.2017
If you’re planning to sell your company, entrepreneurs’ relief can cut your Capital Gains Tax rate to 10%. But if you’re holding a great deal of cash in the company, you could lose this valuable
relief. What preventive steps can you take?
Published 12.05.2010
A new capital gains tax break is designed to encourage investment in small companies. It fills the gap between enterprise investment schemes and entrepreneurs’ relief (ER). How and when can you take
advantage of it?
Published 28.06.2016
Where you sell your business and entrepreneurs’ relief (ER) applies, you’ll only pay tax at 10% on any gain you make. But where you just sell assets rather than the whole or part of your business,
the Taxman argues ER isn’t due. Is he right?
Published 25.01.2012
If you sell or wind up your business you may be entitled to entrepreneurs’ relief (ER) on the capital gain you make. What’s more, a loophole in the rules might qualify you for more ER than you were
expecting. When does this apply?
Published 18.04.2016
Your business has stopped trading and you’re selling its assets. You’ll make a healthy capital gain, but the trouble is it’s going to take some time for you to sell the premises. Will this prevent
you from claiming entrepreneurs’ relief?
Published 18.09.2017
A First-tier Tribunal has considered a claim for entrepreneurs’ relief (ER) by a business partner who sold his share of the firm by instalments. HMRC refused relief for the gain relating to the sale
of the business premises. Was it correct to do so?
Published 26.01.2022
You recently sold your business for a sizeable capital gain which qualifies for the entrepreneurs’ relief (ER) tax break. Can you defer the tax bill indefinitely without jeopardising ER?
Published 14.05.2015