Rules changed on Entrepreneurs’ Relief… again

In May we reported concerns that changes to the rules on Entrepreneurs’ Relief would lead to retrospective taxation. The Government now appears to have taken note of these concerns and amended the Finance Bill 2016 to remove the possibility of retrospective taxation – at least in some circumstances. Entrepreneurs’ Relief was introduced by the Treasury as an incentive to entrepreneurship and business growth. Capital Gains Read more…

New rules on Entrepreneurs’ Relief

The Chancellor announced new rules on Entrepreneurs’ Relief in this year’s Budget, lessening some of the challenging restrictions he introduced last year. However, this year’s changes look set to lead to problems of their own. Entrepreneurs’ Relief was firmly in the Chancellor’s sights last year as he faced political pressure to take action on tax avoidance. There are several conditions that have to be met Read more…