In part 7 of our Tax Planning Guide series, Cassandra Graham, Senior Tax Manager at Bates Weston urges us to keep a watchful eye on trading status, as the tax implications are significant.
Craig Simpson reviews the changes to Entrepreneurs’ Relief, anti forestalling measures (s.169Q election) and the impact on family wealth planning.
We summarise the main points from the Budget 2020 and our tax team highlight the key points for business owners.
What will the Chancellor’s Budget 2020 speech hold in store for business owners?
What does the future hold for Entrepreneurs’ Relief? Valuable incentive to encourage entrepreneurs to risk starting and growing their own business under Government scrutiny.
What will happen to Entrepreneurs’ Relief post Election? Our tax team have been considering whether there are steps that can be taken to pre-empt some of the possible tax changes that might arise after 12 December.