- all or part of a business
- the assets of a business after it has stopped trading
- shares in a company
The relief applies for the years 2008-09 onwards. There is a maximum lifetime limit of Entrepreneurs’ Relief you can claim.
The relief is available for you as an individual if you:
- are in business, for example as a sole trader or as a partner in a trading business
- hold shares in your personal trading company
See the glossary links below for more on personal and trading companies.
The relief is also available for some trustees.
Entrepreneurs’ Relief is not available for companies.
Conditions you must meet
Depending on the type of disposal, you need to meet certain qualifying conditions throughout a qualifying year.
For example, you must have owned the business during the year that ends:
- on the date your business was disposed of – if you’re selling all or part of your business
- on the date your business ceased – if your business has ceased
The maximum lifetime limit
There’s a maximum lifetime limit on the amount of Entrepreneurs’ Relief you can claim on qualifying gains.
How the relief works
You can make claims for Entrepreneurs’ Relief on more than one occasion. The total qualifying gains in all your claims must not exceed the lifetime limit.
Capital Gains Tax is due at 10% on all qualifying gains up to the maximum lifetime limit.