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Entrepreneurs' Relief

[ˌɒntrəprəˈnɜːz rɪˈliːf]



Entrepreneurs' Relief is now called Business Asset Disposal Relief and gives tax relief to someone selling part or all of their business.

More detail:

Entrepreneurs' Relief is a tax relief system in the United Kingdom that is designed to encourage entrepreneurship. The scheme is now called Business Asset Disposal Relief.

The tax relief is available when you are selling shares or selling all of your business to someone. Entrepreneurs' Relief entitles eligible people to pay a reduced rate of Capital Gains tax on all qualifying assets.

To qualify, the individual must have been either be a Sole Trader or business partner for at least two years, or the individual must have owned the business for at least two years

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