Tax relief that can be claimed if selling shares/selling your business. Enables you to reduce capital gains tax on profits. Will be at a reduced 10% as opposed to 20%.
How to claim the relief:
Through Self Assessment Tax return or filling in section A of the entrepreneurs’ relief helpsheet. Can be claimed as many times as you want, upto £1 million over your lifetime, if you sold before 11th March 2020, upto £10 million can be claimed over lifetime.
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