Roll-Over Relief on Reinvestment

Capital Gains Tax comes into effect when a private company reaches the stage when it has to consider flotation in order to expand. It is usually at this time that the entrepeneurs who have built the businesses wish to sell them. The problem is that a business that has grown slowly and is worth a substantial amount can, upon sale, be responsible for a very large tax bill. The legislative changes discussed in this book will allow the informed adviser to save their client a large amount of this tax, without, as previously, having to reinvest the profit immediately on sale.