In no-nonsense language, this Special Report explains the steps you need to take to claim entrepreneurs' relief. It's an invaluable guide for every business owner or shareholder - use it to keep those hard-earned profits out of the Taxman's hands.
When you sell, transfer or wind up your business, you can benefit from entrepreneurs' relief. This means you'll only pay 10% tax on any profits or gains you make. But like most tax reliefs, there are conditions and tricky rules to contend with. This Special Report takes you through all the essentials of this complex topic, making it easy to understand:
When to claim entrepreneurs' relief
How to calculate it
How to take full advantage of the relief
What time limits apply
The pitfalls you should watch out for
Interaction with other reliefs
Plus, we've included a number of important tax cases to clarify the subject even further. So be sure to take full advantage and maximise your wealth.
Who's it for?
Business owners, shareholders, directors and their advisors.
This updated edition covers the new anti-avoidance rule on qualifying for entrepreneurs' relief via a joint venture or partnership which doesn't have a trade of its own plus new information about goodwill.