Entrepreneur’s Relief
If you own your own business or are a major shareholder in it (owning more than 5% of the shares) or have shares in a qualifying share option plan such as an Enterprise Management Incentive scheme (EMI), then you may qualify for entrepreneur’s relief if you sell your business. This keeps CGT to a special rate of only 10% on the first £10m of any gains you make when you sell your business. This £10m limit is a lifetime allowance, so if you sell many businesses at different times during your life, once you exceed the £10m allowance you will pay CGT at the higher rate (28%).
More information is available at - https://www.gov.uk/government/publications/entrepreneurs-relief-hs275-self-assessment-helpsheet
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Also see -
Tax Planning Income Tax Income Tax on Savings and Dividends
Capital Gains Tax Inheritance Tax (IHT) Write a Will Charitable Gifts
Potentially Exempt Transfers (PET) Corporation Tax National Insurance
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Chase Smythe 9 Ltd provides financial advice and planning, in plain English, to people who want to ensure they make the right financial decisions at the right time and at the right cost. It's simple!