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
Replies (1)
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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.