Entrepreneur's Relief tightened

Entrepreneurs’ tax relief rules tightened Philip Hammond has tightened the rules on entrepreneurs’ tax relief, so entrepreneurs must, from 2019, own a business for two years before selling in order to qualify for the relief. The relief means owners pay a lower CGT rate of 10% when they sell all or part of their business, compared with a normal rate of 20%. However, the Chancellor also announced that, from October 29th, entrepreneurs must have a greater stake in the business to qualify.