You may be able to claim Entrepreneurs’ Relief if you sell or close your business - this means that you only pay 10% Capital Gains Tax on any qualifying profits.

Eligibility

There’s no limit to how many times you can claim Entrepreneurs’ Relief, and you can claim up to £10 million of relief in total during your lifetime.

Companies

To claim Entrepreneurs’ Relief you must:

  • own at least 5% of the shares in the business for a year
  • be a director, partner or employee of the business

Sole traders

To claim Entrepreneurs’ Relief you must have been trading for at least a year.

How to claim

You can claim Entrepreneurs’ Relief either:

Deadline

Tax year when you sold or closed your business Deadline to claim Entrepreneurs’ Relief
2013 to 2014 31 January 2016
2012 to 2013 31 January 2015

You can’t claim Entrepreneurs’ Relief if you sold or closed your business before 6 April 2008.

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