Yes. And it used to be 10% with no limit until 2008. Those were the days. Also i... | Hacker News

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srgseg on May 1, 2011 | parent | context | favorite | on: Ask HN: How do I minimize the taxes from selling m...

Yes. And it used to be 10% with no limit until 2008. Those were the days.

Also it's not just the "first time you sell a company". It applies on as many company sales as you want, up to a lifetime total of £10m.

petercooper on May 2, 2011 [–]

And not even company sales, as far as I understand it, but any group of complete business assets (that is, any set of business assets that defines a single "business" - an important point for sole traders like me ;-))

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