TAXTALK HAVE MOVED……

After a good 18 months of hapopy blogging on the hosted version of WordPress, which is excellent I might add, we the team at TaxTalk have gone for the plunge and have now integrated our blog into our lovely new website.

All the existing content has been migrated, and, in the future, you will find us at www.rjp.co.uk/taxtalk/

Please come and find us!!!

How to maximise the value of Entrepreneurs’ Relief – part 2

Installment 2 of our focus on entrepreneurs’ relief. In essence, the entrepreneurs’ relief rules can appear deceptively simple; it can be dangerous to assume that all business assets qualify for the relief and this should be regularly checked. In addition, there are ways in which the relief can be maximised with forward planning. With the recent increase in the top rate of capital gains tax to 28%, it is a valuable relief and worth arranging your business affairs to ensure it is maximised.

How can business owners maximise the value of Entrepreneurs’ Relief – Part 1

Entrepreneurs’ relief can offer significant tax savings when exiting a business either completely or partially. However to get the maximum benefit of this relief, it is important to think ahead and plan accordingly. There are a number of qualifying criteria to consider depending on your individual circumstances, and action should be taken as soon as possible to avoid disqualification. In most cases, entrepreneurs wishing to use this relief need to review their position at least a year before a sale to ensure they qualify.