Remember that if you sell any assets such as shares or property these must be declared on your personal tax return. Everyone receives an £11,700 CGT allowance and then your gains are taxed at 10% for basic rate tax payers and 20% for upper rate. If you sell your business (assets) then you can claim ENTREPRENEUR RELIEF AT 10%.
The latest news from PMC Partnership incorporating Pomfreys Accountants – 15th April 2025
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