Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Where are we now?

07 June 2016 / Craig Simpson
Issue: 4553 / Categories: Comment & Analysis
istock_000025995997_la_fmt

The present position on capital gains tax entrepreneurs’ relief.

KEY POINTS

  • Government policy is to limit entrepreneurs’ relief to genuine business and share disposals.
  • Trustees do not have a separate entitlement to entrepreneurs’ relief but rules for qualifying beneficiaries are relaxed a little.
  • Rules for associated disposals are amended by Finance Bill 2016 and backdated.
  • It has been recognised that changes made on joint ventures in 2015 went too far.
  • Legislative changes relating to transactions with connected parties.

Over the past 18 months we have seen a number of changes to the rules on entrepreneurs’ relief with a clear policy intention to limit it to genuine business and share disposals. It was pleasing to see some of the relaxations in the Finance Bill 2016 which if enacted in its current form will provide relief against some...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon