Advice relating to the availability of valuable reliefs such as entrepreneurs relief
Capital gains tax is currently levied at headline rates of 10% and 20% (18% and 28% for residential property that does not qualify for the main residence exemption) after deduction of the annual exemption unless the gain is covered by entrepreneurs relief – in which case the gain is taxed at the 10% tax rate. This really is a very valuable relief and is not to be wasted so it is important to take professional advice to ensure that you do not miss out on this relief unnecessarily by failing to plan properly for the sale of a business, associated asset or shares in your company, for example.