davidwilcock
Joined: 12/15/2023
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Closing down a business and capital gains tax
Hello I wish to close down my business and start a new one in a similar field. On closing down my business I know I can take out the retained earnings and pay capital gains tax. If I was to claim entrepreneurs relief I would not be allowed to set up a similar business for some time after this. If I do not claim entrepreneurs relief, then can I set up a similar business straight away? Thanks David