Entrepreneur Relief: Pay Just 10% Tax When Selling Your Business New Blog Post
Entrepreneur Relief offers a powerful tax-saving opportunity for Irish business owners planning an exit. Instead of paying 33% CGT, you could pay just 10% on gains of up to €1 million.
What Is Entrepreneur Relief?
It’s a reduced CGT rate for entrepreneurs who have built and owned a business for a qualifying period and are now ready to sell.
Key Criteria:
You must own at least 5% of the business
You must have been a director or employee for at least 3 of the past 5 years
The business must be a qualifying trading company
Relief applies to lifetime gains up to €1 million
Savings Example:
Selling for €800,000 profit?
Standard CGT: €264,000
With Entrepreneur Relief: €80,000
That’s a €184,000 tax saving.
How We Help:
Coolstown Capital structures acquisition deals to ensure sellers don’t lose eligibility for Entrepreneur Relief. If you’re planning to sell a business you’ve worked hard to build, we’ll help you keep more of what you’ve earned.
