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Thanks for your question
Could you advsie further
What is being disposed of -Is it the business or assets
Is this a sole trader or limited company - if a limited company will there still be remaining directors, or if a sole trader will you sell just your share of the business and to whom , a third party or other partners or directors
Thanks for your response
Then as you will be selling the shares of an ongoing limited company then could benefit from your capital gain rate just being at 10% (so the first £11,100 exempt as this is the annual exemption allowance) and the remaining gain at 10% (rather than a mix of 18% or 28%)
Link here as to who applies for this entrepreneurs relief https://www.gov.uk/entrepreneurs-relief/eligibility
Basically you need to
If you think that you qualify based on the information above then do let an accountant work along with the legal team to make this sale to make sure you remain in a qualifying position
And thanks for letting me know its an arms length sale - always essential
Do let me know if I can be of any further assistance - but if you have all that you need then it would be appreciated if you could rate me for the level of service I have provided (or click accept)
You should be aware that from 6 April 2016 the rate of Capital Gains tax is at 10% and 20% not 18% and 28% unless residential property in involved.
Thank you for your support.