4 ms·
I think it's £1 million. http://www.hmrc.gov.uk/cgt/disposal.htm http://www.hmrc.gov.uk/cgt/disposal.htm
by benhalllondon 15y ago
I think it's £1 million.
http://www.hmrc.gov.uk/cgt/disposal.htm http://www.hmrc.gov.uk/cgt/disposal.htm
- petercooper 15y agoNope, Julian was right the first time. Entrepreneur's relief was increased to £10m (from £5m) at the last budget: http://citywire.co.uk/new-model-adviser/budget-2011-entrepreneurs-relief-lifetime-limit-doubled-to-10m/a481231 http://citywire.co.uk/new-model-adviser/budget-2011-entrepre... A lot of what's on HMRC's own site is, sadly, stale or poorly dated.
- srgseg 15y agoYes. And it used to be 10% with no limit until 2008. Those were the days. Also it's not just the "first time you sell a company". It applies on as many company sales as you want, up to a lifetime total of £10m.
- petercooper 15y agoAnd not even company sales, as far as I understand it, but any group of complete business assets (that is, any set of business assets that defines a single "business" - an important point for sole traders like me ;-))
- petercooper 15y agoNope, Julian was right the first time. Entrepreneur's relief was increased to £10m (from £5m) at the last budget: http://citywire.co.uk/new-model-adviser/budget-2011-entrepreneurs-relief-lifetime-limit-doubled-to-10m/a481231 http://citywire.co.uk/new-model-adviser/budget-2011-entrepre... A lot of what's on HMRC's own site is, sadly, stale or poorly dated.