Making sure you time it right entrepreneurs’ relief

When the director of a company resigns they will normally dispose of their shares in that company. Entrepreneur’s relief would normally apply however it is important that the shares are disposed of at the right time.

Entrepreneurs’ relief can only be claimed if the shares are disposed of before the date the director resigns. Entrepreneurs’ relief can also only be claimed if the shareholder has been an employee or officer of the company for at least a twelve month period ending with the date of disposal.

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