You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
Register | Kashflow | Quickbooks | Document Portal From Start-Up to Long-Term Success
Call our Loughton office: +44 (0) 20 8508 8214, Chelmsford office: +44 (0) 1245 249 060 or email firstname.lastname@example.org today to arrange a free initial consultation.
The minimum period throughout which certain conditions must be met to qualify for Entrepreneurs' Relief (ER) is being increased from one year to two years. This has effect for disposals on or after 6 April 2019, except where a business ceased before 29 October 2018. Where the claimant's business ceased, or their personal company ceased to be a trading company (or the holding company of a trading group) before 29 October 2018, the existing one year qualifying period continues to apply.
To qualify for ER, the company needs to be an individual's 'personal company'. This means that an individual must, throughout the relevant qualifying period:
For disposals on or after 29 October 2018, an individual must also satisfy either of the following: