Can I claim entrepreneurs relief?

Is I sell my share of limited business can I get entrepreneurs relief

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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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By Tim Vane
21st Apr 2017 11:47

Maybe. What does the business do?

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By Kk123
21st Apr 2017 11:52

It's a restaurant. I own 50% of it

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By Ruddles
21st Apr 2017 12:10

What does your/the company's tax adviser say? Let me guess ...

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Replying to Ruddles:
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By Kevin Kavanagh
21st Apr 2017 12:50

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?'.

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