The CIOT has responded to the Treasury Committee inquiry into
the Spring Budget 2020, submitting comments on a number of measures. The CIOT
welcomes many of the proposals but has particular concerns in relation to the
unilateral introduction of digital services tax, the reduction in the lifetime
limit for entrepreneurs’ relief (business asset disposal relief), changes to
private residence relief, and the non-UK resident SDLT surcharge.
The CIOT has responded to the Treasury Committee inquiry into
the Spring Budget 2020, submitting comments on a number of measures. The CIOT
welcomes many of the proposals but has particular concerns in relation to the
unilateral introduction of digital services tax, the reduction in the lifetime
limit for entrepreneurs’ relief (business asset disposal relief), changes to
private residence relief, and the non-UK resident SDLT surcharge.
