Entrepreneurs' Relief

Entrepreneurs' Relief is a UK tax benefit that reduces the amount of Capital Gains Tax payable when you sell or dispose of a qualifying business or share in a business. Typically, Capital Gains Tax is charged on profits from the sale of assets. With Entrepreneurs' Relief, the tax rate is lowered to 10% on eligible gains, up to a lifetime limit (historically £1 million). This relief aims to encourage entrepreneurship by easing the tax burden on business owners when they realize gains from their investments or exit strategies.