Accountants Macclesfield

Here at Castletree Consultants we are passionate about helping business start ups and their entrepreneur owners.

The Entrepreneurs Relief scheme was set up in 2008 to give some capital gains tax relief to small and medium sized businesses. Under the changes made in the 2011 Budget, company owners will benefit from a doubling of the lifetime limit on Entrepreneurs Relief to £10 million from April 2011.

According to research, small and medium enterprises account for 99.9% of the businesses within the UK. The Entrepreneurs Relief scheme aims to support these businesses and encourage growth.

The Entrepreneurs Relief scheme means that any individual making a capital gain, will not have to pay the full tax rate but instead will only be required to pay a lesser rate up to their lifetime limit, so long as they satisfy the necessary criteria.

To find out more about the qualifying criteria and how the scheme could benefit your business, contact Castletree Consultants accountants Macclesfield on 0161 850 0259. Even if your company is not eligible for Entrepreneurs Relief we will be able to advise you on other ways to make your business more tax efficient.