Entrepreneurial Relief

Entrepreneurial Relief

A 10% rate of tax applies on the sale of all or part of a business on sales from 1st January 2017

This relates to sole traders as well as partnerships and company owners

It does not apply to investments or development land

It applies on gains up to €1 million

The relief effectively reduces the standard rate of CGT of 33% to 10% for qualifying gains,

Subject to qualifying conditions

Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie