Entrepreneurs’ relief: Experts’ opinions

For many of us one of the most interesting tax announcements in the Conservative Party manifesto was: ‘We also have to recognise that some tax measures haven’t fully delivered on their objectives. So we will review and reform entrepreneurs’ relief.’ Now that Boris Johnson has been re-elected we can assume that an announcement will be made about the terms of the review – perhaps on Budget day.

Ever since capital gains tax was introduced there has been some sort of special treatment for business disposals – first retirement relief then taper relief and now entrepreneurs’ relief – and it would be a major surprise if the outcome of this review was the complete abolition of relief. But there is a strong body of opinion supporting the view for the need for reform not least the former head of HMRC ...