Entrepreneurs Relief is a scheme that is open to directors who own 5pc or more of a company, and which allows them to enjoy a 10pc tax rate on capital gains up to a lifetime limit of £10m. This compares with the 28 percentage rate of tax payable without the relief.
For example you receive £10,000,000 for the sale of your business. CGT at 28% would result in £2,800,000 being paid in tax. With ER the tax from the £10,000,000 proceeds would be £1,000,000. A saving of over £1,800,000.
Be careful however, there is a criteria that you must meet in order to be eligible for tax relief.