Budget 2020: New dawn for Entrepreneurs’ Relief

For a disposal on or after 11 March 2020, Rishi Sunak’s Budget Announcement has significantly reduced the worth of Entrepreneurs’ Relief (‘ER’) 

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Entrepreneurs’ Relief – Take care of over dilution

Prior to the 2018 budgetif an individual’s shareholding was diluted due to an issue of new shares by the company on the same day that individual disposed of their shares, this could be ignored when considering whether the Entrepreneurs’ Relief (ER) conditions were met 

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EIS and SEIS – The benefits still stack up!

The Seed Enterprise Investment Scheme (“SEIS”) and Enterprise Investment Scheme (“EIS”) offer attractive investment opportunities for individual investors which in turn allow young entrepreneurial UK companies to raise funding to facilitate growth and expansion plans. 

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EIS and SEIS – The tax relief’s get tougher!

The Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) offer attractive investment opportunities for individual investors which in turn allow young entrepreneurial UK companies to raise funding to facilitate growth and expansion plans.  However, the generous tax reliefs which make SEIS & EIS opportunities attractive for investors have recently become a lot more complicated to secure!

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Selling your company – Entrepreneurs’ Relief traps for the unwary!

The disposal of a business should always be driven by the commercial objectives of the buyer and the seller and tax planning should not distract from this.  However, ensuring an exit is implemented in the most tax efficient manner can help bridge any commercial disparities between the two parties.  Often tax planning structures require to be put in place prior to a disposal but, without a crystal ball, it is difficult to predict when an exit opportunity will arise.  However, reviewing the existing company structure and shareholding profile should be considered to increase tax efficiencies prior to selling an entrepreneurial company.  

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Will Size Matter to the Entrepreneur?

In order to continue to promote enterprise and encourage growth HMRC have recently published a consultation to allow individuals to retain their Entrepreneurs’ Relief (“ER”) entitlement where certain qualifying conditions are no longer met.

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