Entrepreneurs Relief

Entrepreneurs’ relief was introduced to protect business owners from rises in Capital Gains Tax. If you’re considering selling or “disposing” of all or part of your business, we could help you to make real savings on tax payable with real potential for reinvestment and business growth.

What is entrepreneurs’ relief?

Entrepreneurs’ relief is scheme designed to help individuals and owners of start-ups get more from their companies. In 2016, the government removed some barriers to the relief, making it easier for certain individuals to pass on parts or wholes of their companies. You could potentially qualify if you dispose of any of the following:

  • all or part of your business as a sole trader or partner

  • shares in a company where you have at least 5% of shares and voting rights

  • shares received through an Enterprise Management Incentive (EMI) scheme after 5 April 2013

  • assets you lent to your business or personal company

  • if you’re a trustee selling assets held in the trustExpert guidance from business specialists

If you’re unsure about the conditions that qualify you for entrepreneurs’ relief, we’re here to help. Our business specialists will talk to you about your company and your options, so you understand exactly what this relief is and whether or not you’re eligible. By taking the time to understand your circumstances, we’ll then be able to advise you on how you can use the relief to get the most from your growing business.

Helping you to get the most from your business

At the core of entrepreneurs’ relief is the support offered on qualifying assets, compared to standard rates. This reduction can amount to significant value, providing eligible individuals with a much stronger incentive for passing down homegrown business and assets within families. Use our business accountancy knowledge to make sure you’re getting the tax relief you’re entitled to.

"We started working with Clark Howes earlier this year after a new company formation. Straight away, they reviewed the business finances and company structure to make sure we were set up as efficiently as possible. They have provided us with commercial advice that has directly benefited the business as a whole and we are very impressed with the technical ability and commercial acumen of the team.

Having advisers that we can trust to manage all aspects of our business and personal finances lets us focus on development and growth rather than the day-to-day. The level of personal service we have received has been very impressive and we wouldn't hesitate to recommend Clark Howes to other professional services firms."

Paul Duval Dip Cii, Managing Director Vision Independent Financial Planning
Jennifer Sewell

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Jennifer Sewell Senior Client Manager

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