Category: Limited company

IR35 – Private Sector Reform Delayed by 1 Year

It has been announced that due to the Coronavirus, the proposed private sector reforms to IR35 will be delayed by 1 year. Instead of coming into force on 6 April 2020, it will now be deferred until 6 April 2021.

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Where Entreprenneurs Relief Falls Short

When you sell your business, you can expect to pay capital gains tax (CGT) on any gains your make. Currently CGT is payable at 10% (if within your basic rate band for income tax) or 20% on such gains. But

Limited company benefits

Hundreds of private limited companies are being formed every day. If you are thinking of starting a new business, or are currently in business as a sole trader or partnership, you really need to be thinking about whether to trade

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Entreprenneurs’ Relief Curtailed

When you sell a business or shares in your personal company, the gain made on that disposal will normally qualify for entrepreneurs’ relief which applies capital gains tax (CGT) at 10%. Up to £10m of gains can qualify for this

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