Is this the end for Entrepreneurs’ Relief?
What is Entrepreneurs’ Relief? Entrepreneurs' relief (ER) is a UK tax scheme designed to incentivise people to grow a business. It works by reducing Capital Gains Tax (CGT) to a flat rate of 10%, rather than the higher rate 20%, on the first £10m of gains from selling a company. The 10% rate is applied regardless of your income level. There is no limit to how many times you can claim within the £10m lifetime allowance. ER is subject to the following conditions: The business m