27/09/2019
Accountancy Expertise – here to answer your questions to help you run a successful business.
We'll be posting frequently asked questions and answers. Can’t find the answer to a question you're looking for? Get in touch at contact@carringtonaccountancy.com one of our expert accountants will be happy to help.
I currently run two limited companies in parallel and each has a different SIC code. If I decide to close one company can I get Entrepreneurs Relief on that closed company and still continue to trade through the remaining company without it impacting on my ER claim?
You will be able to claim Entrepreneurs Relief and continue to trade through another existing business. It is only the creation of a new similar business within certain time frames that would cause problems with HMRC and your previous ER claim.