Niche London commercial solicitors for the review of entrepreneurs' tax relief on sale of shares or leaving a partnership or LLP. We provide a practical review of capital gains tax to maximise your chances of benefitting from entrepreneurs' tax relief which is currently worth up to £10 million. 

Budget 2012:  Entrepreneurs' relief will be extended to apply to shares acquired on the exercise of EMI options. This change will apply to options exercised on or after 6 April 2012, so, if possible, option holders may wish to delay the exercise of EMI options until after that date.    This would not benefit any EMI option holders who  exercise and sell the shares acquired under EMI option upon exit simultaneously.

Areas of expertise with entrepreneurs' relief:

• Review of the qualifying conditions for entrepreneurs' tax relief
• Review of capital gains tax planning opportunities
• Review for partners on leaving a business partnership upon retirement or termination of entrepreneurs' relief
• Review of sale documentation such as sale contract, share transfer agreement or partnership retirement deed