What else is in this section?

Entrepreneurs' relief

The relief is intended to replace Business Asset Taper relief for disposals by smaller business owners. It produces a net tax rate of 10% on the disposal, although for those making modest gains there is a slight increase in the actual tax burden compared to that payable under business asset taper relief because the CGT annual exemption saves less tax under this relief (at 18%) than it did under taper relief (at 40%).

This content is only available to our registered users.

Please log in or create a free account, to gain access to our extensive business, personal and tax guides.