Entrepreneurs’ Relief has been extended: Government backs entrepreneurs in 2018 Budget
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Chancellor Philip Hammond, in his 2018 Budget speech, rejected calls to scrap entrepreneurs’ relief, stating that entrepreneurs must be at the heart of a ‘dynamic economy’ in a post-Brexit UK.
Entrepreneurs’ Relief means that you may be able to pay less Capital Gains Tax when you sell or dispose of all, or part, of your business. This move comes as part of the Government’s aim to ensure the UK is a leading global player within business and mergers & acquisitions.
This guarantee from the government will help to drive M&A activity in the UK, as both sellers and buyers realise the potential benefits associated with Entrepreneurs’ Relief.
If you are considering a company sale in 2019, now is the ideal time to begin the process.
KBS Corporate were named the most active adviser for 2017 by Thomson Reuters, and for the first nine months of 2018, meaning that we completed 45% more deals than our next nearest competitor.
Therefore, we are in an excellent position to help you achieve maximum value for your company, whilst the market is favourable.
You can contact our team of experts on 0161 258 0118 to discuss the wider M&A market and your options for the future.