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Change relates to associated disposals
The Government has tabled a Finance Bill amendment to entrepreneurs' relief relating to associated disposals.
(Followers of the progress of the bill may have already seen the amendment - number 29, tabled on 25 June - on the Parliamentary website.)
Initially, under the rules for entrepreneurs' relief, assets owned by an individual would not have qualified in full for the relief if he or she had let them to his personal company.
The amendment assuages this problem so that assets that are used that way before 6 April 2008 (but not after that date) will qualify for entrepreneurs' relief.
Restrictions on assets owned by the individual but let to unrelated third parties are not affected.
