In this episode, Paul Redmond sits down with George Skelton, Tax Partner at RDA Accountants, to demystify Revised Entrepreneurial Relief—a game-changing tax break that could save business owners up to €230,000 when selling their company. Discover why 1 in 4 entrepreneurs miss out on this relief, the critical qualifying criteria (like the 5% shareholding rule and active involvement), and how to avoid common pitfalls (e.g., dormant companies or mixed asset structures).

Key takeaways:

• How the relief slashes capital gains tax from 33% to 10% on the first €1M gain.
• Why timing and planning are everything—especially for entrepreneurs under 55.
• Real-world case studies (including costly mistakes like minor shareholdings or property-heavy businesses).
• The power of "connected advice" to align your business structure with tax efficiency.

Whether you’re scaling, selling, or strategizing for the future, this episode is a must-listen for every business owner. Don’t leave a quarter-million euros on the table!

Contact Paul here:

LinkedIn                                            https://www.linkedin.com/in/paul-redmond-rda/

Email                                                 predmond@rda.ie

Find George here:

LinkedIn                                              https://www.linkedin.com/in/george-skelton-a795a036

Listen to more episodes here:

https://www.youtube.com/playlist?list=PLW6b8toTV5hUBzSDkTC1B1YFUC70-Rs-z

Find Crunch My Numbers here:

YouTube:            https://www.youtube.com/@paulredmond57

Apple:                  https://podcasts.apple.com/us/podcast/crunch-my-numbers/id1759207774

Spotify:               https://open.spotify.com/show/68lrgwtIPUYTBB5VmZEYm8

Web:                    https://redcircle.com/shows/crunch-my-numbers