Entrepreneurs relief and Peter Kennedy case

Ihave never met Peter Kennedy nor have I had dealings with him or his advisers. However having reflected on the information gleaned from the case report of Peter Kennedy (TC7987) it is beyond doubt in my mind that he was a successful entrepreneur. Drawing on my many encounters with such clients during my former life as a chartered tax adviser I am guessing that Mr Kennedy’s business activities were driven by his commercial ideas drive enthusiasm and to a great extent an ability to get things done.

I also imagine that it was not until he was about to dispose of his stake in Bglobal plc his personal company that he gave more than a moment’s thought to benefiting from what was then known as ‘entrepreneurs’ relief’. What could go wrong? He was an entrepreneur disposing of his stake...