You may be able to reduce or delay the amount of Capital Gains Tax you have to pay if you’re eligible for tax relief.
|Business Asset Disposal Relief
|Pay 10% Capital Gains Tax instead of the normal rates if you sell shares in a trading company that you work for and have at least 5% of the shares and voting rights (known as a ‘personal company’).
|Gift Hold-Over Relief
|Pay no Capital Gains Tax if you give away shares in a personal company or unlisted company - the person you gave them to pays tax when they sell them.
|Enterprise Investment Scheme (EIS)
|Delay or reduce your Capital Gains Tax if you use a gain to buy unlisted shares in companies approved for EIS.
|Seed Enterprise Investment Scheme (SEIS)
|Pay no Capital Gains Tax on a gain of up to £100,000 if you use a gain to buy new shares in small early-stage companies approved for SEIS.
|Delay paying Capital Gains Tax if you sell unlisted shares to the trustees of a Share Incentive Plan (SIP) and use the proceeds to buy new assets.
Shares are ‘unlisted’ if they’re in a company that is not listed on the London Stock Exchange or a recognised stock exchange abroad.