What happens with regard to tax when shares are sold in a limited company that owns a wind turbine, to Fifty?

WHAT HAPPENS WITH REGARD TO TAX WHEN SHARES ARE SOLD IN A LIMITED COMPANY THAT OWNS A WIND TURBINE, TO FIFTY?

Proceeds from the sales of shares will be subject to capital gains tax at a maximum rate of 20%. However, if Entrepreneurs' Relief is available, this could be reduced to 10%.

Entrepreneurs' Relief is available if certain qualifying conditions have been met throughout the 12 months immediately preceding the sale of shares, namely that an individual is an employee or officer of a (trading) company; owns more than 5% of the ordinary share capital; and holds more than 5% of the voting rights.

This shows that the sale of a wind turbine-holding company can be a tax-effective option.

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