Entrepreneurs’ Relief (ER) is a valuable tax relief scheme which allows for a reduction in capital gains tax (CGT) when a business, part of a business, or business assets are sold or gifted. Higher-rate and additional-rate taxpayers benefit from making use of ER as it enables them to use the lower 10% CGT rate on gains made on qualifying disposals.
Our knowledgeable accountants are on hand to ensure that your claim for ER is correctly executed through your self-assessment tax return and will be able to:
- Confirm your eligibility to claim ER
- Identify qualifying disposals for ER where CGT has been incurred over multiple assets
- Calculate the maximum tax relief you can claim and your overall tax liability for the year
- Provide advice and guidance on stipulations surrounding ER where you plan to dispose of a business or business assets in the future