The Future for Entrepreneurs’ Relief

The Future for Entrepreneurs’ Relief

The Conservative manifesto included a pledge to review and reform Entrepreneurs’ Relief (page 34). This relief incentivises entrepreneurs to build their businesses as it allows them to pay a reduced capital gains tax of 10% on sale rather than the full rate of 20%....
Entrepreneurs’ Relief Post Election?

Entrepreneurs’ Relief Post Election?

What will happen to Entrepreneurs’ Relief post Election? There has been plenty of media coverage of the spending and revenue raising plans contained in the main parties manifestos.  Our tax team have been considering whether there are steps that can be taken to...
A game changer for Entrepreneurs’ Relief?

A game changer for Entrepreneurs’ Relief?

In the recent tax First Tier Tribunal (FTT) Potter case, it was ruled that the company activities were the key when determining whether it was a trading company for Entrepreneurs’ Relief, even when the majority of income and assets were derived from investment bonds....
Qualify for Entrepreneurs’ Relief – Plan Ahead

Qualify for Entrepreneurs’ Relief – Plan Ahead

If you hope to qualify for Entrepreneurs’ Relief, it is vital that you plan ahead according to Cassandra Graham, part of the tax team at Bates Weston. Cassandra  has been looking at HMRC’s 2017-2018 statistics for Capital Gains Tax and one of the bullet...