Hi
My understanding is that you have to own at least 5% of a company to qualify for entrepreneurs relief, and that the lifetime disposal limit has now been increased to 5 million.
If for example, I owned 6% of a company and decided to dispose of 2% in this tax year I assume I qualify for the relief. However what happens on subsequent disposals given my remaining shareholding is now below the 5% qualifying level (i.e. I now own 4%).
Do I still qualify or will I need to disposal of my entire shareholding in one go to get the benefit of the reduced CGT rate?
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