Capital Gains Tax: changes to rules to extend availability of Entrepreneurs' Relief on goodwill on incorporation
This applies to individuals (including partners in a firm) who transfer their business to a close company and become or remain a participator in the acquiring company.
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▤ Verbatim text from source document
The measure allows Entrepreneurs’ Relief to be claimed, subject to certain conditions, on gains on the goodwill of a business when that business is transferred to a company controlled by five or fewer persons or by its directors.