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
Entrepreneurs Relief

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Check to see if you need to use this service

Entrepreneurs’ Relief is only available to individuals You must be a sole trader, partner, company director, or employee who holds 5% or more of the shareholdings in the business.

You must not have exceeded the lifetime Entrepreneurs’ Relief limit of £1 million.

Find out more information on who can claim Entrepreneurs’ Relief.

The benefits of using this service

You do not need to use a firm of accountants to claim and we explain how to claim Entrepreneurs’ Relief. However, there are added benefits to enlisting experts to support your claim such as:

  • We provide after-care support should HMRC have any queries regarding your ER claim
  • We are able to provide multiple complementary services such as due diligence for business exit and personal tax planning to create a comprehensive service package
  • We’re here to answer all your questions and ensure you have clarity on the process and your tax liability
Who does Ridgefield Consulting work with?

Ridgefield Consulting is a well-established firm of Chartered Accountants based in Botley, Oxford. We have been working with local businesses since 2010 and have grown rapidly to be able to provide first-class tax and accounting services to Oxfordshire and beyond. Our team structure is well-set up to work with clients from around the UK and we’d be happy to meet with you, or offer a telephone consultation as an introduction free of charge so that you can decide if we would be a good fit for your needs.

How much does Ridgefield Consulting charge for Entrepreneurs’ Relief support?

Ridgefield Consulting does not operate on fixed-fee charges. That’s because we don’t believe anyone should have to pay for more than what they need. Every client we meet is different and will have individual circumstances that will affect the tax on the sale or disposal of their business or shares. We always offer a free introductory consultation where we collect key information; that will then allow us to provide a quote with clear breakdown of work involved. This in turn lets you see exactly what is included and how much it costs.

> What to do if you want to use Ridgefield Consulting

 

The very first step is to get in touch with us! Give us a call or complete the contact form below. Let’s arrange a convenient time for you to meet with us and go from there.

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