I co-own (50/50) a limited business. I am looking to sell my half, for around £60k I have been a share holder and director for 12 years now. Am I right in thinking I can claim entrepreneurs relief on this sale and hence pay 10% capital gains tax (i.e. £6k) on the sale? Also is this just a disclosure on my personal tax return?
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I think he or she would have said: 'Why didn't you just ask me, your trusted adviser, instead of relying on information from an unknown source on a free forum?'.