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05 Sep

Entrepreneurs' Relief

Entrepreneurs' relief is in its third year with the lower 10% rate on the first £10 million of business asset disposals still in effect, giving rise to a maximum reduction of £1,800,000. This is a lifetime allowance that reduces the tax charge on the gain for owners of limited companies on the disposal of shares and securities in a company. However, conditions do apply so please contact us for further advice.

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