With IR35 reform now affecting the private sector, many contractors are considering the possibility of liquidating or selling their companies and claiming Entrepreneurs’ Relief.

Entrepreneurs Relief is a CGT relief available to taxpayers who sell or give away their businesses. Effectively, qualifying gains are taxed at 10%, rather than the normal rates (18%, 28%). It is available to the following people: Sole traders and partners selling the whole or part of their business. Company directors/employees selling a material stake […]