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Hi, my name is Peter and I am a Chartered Tax Advisor.
Regarding the "you’ve owned the business for at least 2 years before the date you sell it" guidance - this just means that you need to have owned the shares for at least 2 years prior to you selling them.
Do you have any further queries? I am happy to help.
I assume this is a trading company and you are the sole shareholder and selling 100% of the share capital?
Kind regards, Peter
Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question.
If yoou have owned the shares for over 2 years then Entrepreneurs' Relief (ER) would apply on sale limiting the CGT to a flat rate 10%.
You do not have to under normal circumstances.
You do not have to prove anything to HMRC, just claim the relief.
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