Marie Barber Featured in Bloomberg BNA: UK Entrepreneurs’ Relief – Opportunities and Challenges

Marie Barber, Managing Director in Duff & Phelps' Compliance and Regulatory Consulting practice, wrote an article for Bloomberg BNA about the UK Entrepreneurs’ Relief.
An extract of the article is below:

Entrepreneurs’ Relief (ER) is a relief against capital gains tax available to UK individuals who sell their businesses, provided certain conditions are met. If the conditions are met, the rate of capital gains tax paid on the sale of the business (or business assets) is reduced from 20% to 10%

ER was introduced as the successor of the Business Asset Taper Relief to reward entrepreneurs for the risks taken when establishing or investing in businesses.

UK chancellors have come under increasing pressure to reduce or abolish this tax relief as it is seen by some as rewarding those wealthy enough to be entrepreneurs. Many anticipated that this relief would be scrapped in the last Budget, but the Chancellor instead opted to tighten the qualifying conditions for ER to be available from April 6, 2019.”

Read the full article here.

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