Entrepreneurs Relief

Entrepreneurs Relief

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Do part disposals qualify for entrepreneurs relief assuming all other conditions met.
My client owns 100% of his company. He is considering selling 50% of the shares to athird party. He will continue to work for the company with no inclination of retirement

Does he get Entrpreneurs relief on the first disposal?

simon

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By AnonymousUser
24th Jul 2008 12:47

You don't have to retire when selling shares
Your client should get entrepreneurs' relief on the sale of 50% of the shares in his personal company, assuming that company is trading. He can then get ER again when he sells the remaining 50% , subject to the lifetime limit on the gains of £1 million.

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