Knowledgebank
Tax & Legal Considerations
4 articles
Business Asset Disposal Relief (formerly Entrepreneurs' Relief)
Provides a 10 % capitalgains tax rate on the first £1m of lifetime gains if conditions are met (5 % shareholding, 2year holding period, etc.). Sellers exceeding…
Capital Gains Tax (CGT)
CGT applies to the sale of shares by individuals. Effective planningsuch as share transfers to spouses or use of an EOTcan mitigate exposure. Nonresident seller…
Stamp Duty on Shares
Share transfers attract 0.5 % stamp duty on the consideration paid, normally borne by the buyer. The duty is calculated on any element of consideration that is …
TUPE (Transfer of Undertakings)
Although TUPE mainly applies to asset sales, SPA restrictive covenants often reference TUPE protections for transferred staff. IR35 and AWR compliance records a…