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In general terms Entrepreneurs' Relief (ER) applies when you go out of a business and limits the capital gain you make to a flat rate of 10% as opposed to the normal 10 or 20% depending on your income including the gain in the tax year of sale. You must sell at least 5% of the business to qualify for ER.
\i do hope that you have found my reply of assistance.
From your data you would be entitled to claim ER on all tranches of the settlement.
Sorry, I do not agree. ER will apply if a proprietor sells 5%+ of their holding providing that these have been held for a year.
Yes, but I was using the Gov UK Web Site's advice. I cannot possibly comment upon another commercial organisation's opinion.
Correct, there is a lifetime limit of 10 million quid claimable.
You can, but there is a lifetime 10 million quid ER restriction.
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