Entrepreneurs’ Relief: What is it? Who does it affect?

Linkilaw Entrepreneurship, Entrepreneuship

Overview Entrepreneurs’ Relief is a capital gains tax benefit available to business owners, partners, and some shareholders. In most circumstances, company owners who sell residential property have to pay a 28% tax on the gains made in that sale. Other assets that are sold will have a capital gains tax of 20%. Those eligible for Entrepreneurs’ Relief are instead taxed …