Entrepreneurs Relief

UK Property Tax Specialists
01902 711370
0800 907 8633
UK Landlord Tax Facebook Fan Page
Tax return forms are available free of charge from HMRC. We are independent accountants and not part of or affiliated to HMRC. We remove the stress and anxiety of preparing your tax return by completing and filing your tax return for you. We shall help you to pay the least amount of tax by advising you about the expenses which you are entitled to claim.
UKLandlord Tax.co.uk
Wolverhampton Science Park
Creative Industries Centre
West Midlands
WV10 9TG
01902 711370
0800 907 8633
UKLandlordTax.co.uk is the trading name of Thandi Nicholls Ltd Accountants Registered Office Creative Industries Centre Glaisher Drive Wolverhampton WV10 9TG Registered in England Company Number 7319439 Directors K W Nicholls FCA S S Thandi BA
Entrepreneursí relief is available if you dispose of a trading asset. It is still available for furnished holiday lettings although this is under review. It could also apply if you sell a commercial property which was used in your trade or by your personal company within the three years prior to disposal.

If you are entitled to Entrepreneurs relief, then the tax rate reduces from 18/20/28% to 10% of gains up to a lifetime limit of £10 million. As this relief is not available to most landlords, no further details are given here and advice should be sought.

© Thandi Nicholls Ltd 2017 All Rights Reserved - The above article is provided for guidance only and may not cover your personal circumstances so you should not rely on it. It is important that you seek  appropriate professional advice which takes into account your personal circumstances where you can provide the full facts of the case and all documents related to your case. Thandi Nicholls Ltd t/a uklandlordtax.co.uk,  K Nicholls FCA or S Thandi cannot be held responsible for the consequences of any action or the consequences of deciding not to act.
Enter your question here and or tell us the best time to contact you:
The next step...