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CGT Relief – Incorporation Relief

You may also be able to delay paying CGT if you transfer your business to a company in return for shares – in short this means that you will not pay any tax until you have you have sold or ‘disposed’ of the shares

To qualify for Incorporation Relief, you must be either a:

  • Sole trader or in a business partnership
  • Or transfer the business and all its existing assets (except cash) in return for shares in the company

Please Note: You do not have to claim Incorporation Relief yourself  – you’ll be notified and get it automatically if you’re eligible. To work out the amount you need to pay Capital Gains Tax on you simply deduct the gain you made when selling your business from the market value of the shares you received.