Business Assets and Reliefs

When you sell certain business assets and reinvest the proceeds into new qualifying assets, you can defer paying Capital Gains Tax (CGT) through Business Asset Roll-over Relief. This relief doesn't eliminate the tax bill entirely, but it postpones it until you dispose of the replacement asset,...

4 min read

When you sell your business or business assets and make a profit, you may need to pay Capital Gains Tax (CGT) on that gain. This applies to sole traders and business partners, though limited companies pay Corporation Tax instead. Understanding what counts as a business asset a...

5 min read

When you convert your sole trader or partnership business into a limited company, you'll likely make a capital gain on the business assets you transfer. Incorporation Relief allows you to defer paying Capital Gains Tax on that gain until you eventually sell the shares you rece...

4 min read

If you hold shares in an unlisted trading company as an external investor, you may qualify for Investors' Relief when you sell them. This relief reduces the Capital Gains Tax rate to 10% on qualifying gains (instead of the standard 20% rate for higher and additional rate taxpa...

5 min read

If you're selling business assets or winding down your business, you could face a Capital Gains Tax bill on your profits. However, HMRC offers several tax reliefs that can reduce the amount you pay or delay the tax bill altogether. Understanding which reliefs might apply to yo...

5 min read