Entrepreneurs’ relief (ER) has lasted for 12 years (it was introduced in 2008) replacing taper relief (which lasted for ten years from 1998) which in turn replaced indexation and retirement relief (retirement relief lasted for 13 years from 1985 until a phasing out from 1998). All of these reliefs delivered a similar type of CGT relief: a reduced rate of CGT on qualifying assets.
In Schedule 2 of the Finance Bill entrepreneurs’ relief has been renamed business asset disposal relief with the underlying mechanics remaining the same. The only change is the reduction of the lifetime limit on claims from £10m to...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Entrepreneurs’ relief (ER) has lasted for 12 years (it was introduced in 2008) replacing taper relief (which lasted for ten years from 1998) which in turn replaced indexation and retirement relief (retirement relief lasted for 13 years from 1985 until a phasing out from 1998). All of these reliefs delivered a similar type of CGT relief: a reduced rate of CGT on qualifying assets.
In Schedule 2 of the Finance Bill entrepreneurs’ relief has been renamed business asset disposal relief with the underlying mechanics remaining the same. The only change is the reduction of the lifetime limit on claims from £10m to...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: