5. Tax relief
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.
|Entrepreneurs’ Relief||Pay 10% Capital Gains Tax (instead of the normal rates) if you sell shares in a company where you have at least 5% of ordinary 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.|
|Rollover relief||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 isn’t listed on the London Stock Exchange or a recognised stock exchange abroad.