Entrepreneurs relief qualifying ownership period extended to 2 years

October 31, 2018|In KRW Tax news|By Keith Witchell

From 6 April 2019, the minimum period that the conditions must be met to qualify for Entrepreneurs Relief will be extended from 12 months to 2 years. With Entrepreneurs Relief giving a 10% Capital Gains Tax rate on the sale of qualifying business assets, including shares in unquoted companies, those considering a business sale may now need to plan further ahead.

For further advice on this matter, please contact me.

Keith Witchell