ENTREPRENEURS-RELIEF

Edward Reed

This month’s private client update, by Edward Reed and Tristan Honeyborne (Macfarlanes).

Meaning of voting rights for entrepreneurs’ relief.

Although the reduction in the entrepreneurs’ relief lifetime limit from £10m to £1m was a straightforward change, detailed anti-forestalling rules in the Finance Bill mean that planning undertaken in anticipation of this will need to be carefully considered, writes Robert Langston (Saffery Champness).

Martin Mann

Martin Mann (Markel Tax) sets out some planning options in view of potential Budget changes.

George Bull

Described as the worst tax relief in the UK, entrepreneurs’ relief is an anachronism in a country which prides itself on ensuring that every tax relief is underpinned by a robust policy objective. Will it survive the chancellor’s Budget on 11 March 2020?

Rhiannon Kinghall Were

Rhiannon Kinghall Were (Macfarlanes) reviews the tax pledges of the new government.

Martin Mann

Mark Baycroft

Martin Mann and Mark Baycroft (Markel Tax) reflect on the growing compliance burden and whether valuable reliefs will continue to be available in their current form.

Sam Brodsky

According to a recent tribunal decision, the qualifying beneficiary test entrepreneurs' relief need only be met at the time of a disposal of settlement business assets. Sam Brodsky (Gray's Inn Tax Chambers) reports.