Entrepreneurs, Don't Panic

Entrepreneurs
March 31, 2020

Entrepreneurs relief is “changing” lifetime allowances and is to be heavily reduced. Without doubt this news (albeit not a shock) is, to some, bad news.


Without doubt this news (albeit not a shock) is, to some, bad news.


However, the lifetime allowance will still remain at a lower amount of £1m this is still a positive tax relief.


If you are looking to sell your business please do not panic or rush - let the dust settle and plan accordingly.


The one warning I have is to push through a sale to maximise relief may seem the most beneficial option - but be aware buyers will know and act accordingly!


Take and seek advice from your advisors and if you would like to get in touch please feel free!


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Prepare For The Bounce

March 31, 2020
Entrepreneurs

Entrepreneurs relief is “changing” lifetime allowances and is to be heavily reduced. Without doubt this news (albeit not a shock) is, to some, bad news.


Without doubt this news (albeit not a shock) is, to some, bad news.


However, the lifetime allowance will still remain at a lower amount of £1m this is still a positive tax relief.


If you are looking to sell your business please do not panic or rush - let the dust settle and plan accordingly.


The one warning I have is to push through a sale to maximise relief may seem the most beneficial option - but be aware buyers will know and act accordingly!


Take and seek advice from your advisors and if you would like to get in touch please feel free!