Introduction Summary
1.This section amends the provisions for computing entrepreneurs' relief (ER) due on certain disposals of businesses by an individual or a member of a partnership to a company. Where the new provisions apply, the ER rate of capital gains tax (CGT) will not apply to gains on the business’ goodwill, but gain on other business assets are not affected. The new provisions apply to disposals on or after 3 December 2014. They remove a tax incentive to incorporate an existing business.