What action should you take?
Any changes arising from the Government’s review could take effect immediately from 11 March 2020, with effect from the beginning of the 2020/21 tax year (i.e. 6 April 2020), or following a consultation period for the new legislation.
There is still time to review your options and look at the risks and rewards of crystallising gains or locking in Entrepreneurs Relief before 11 March. Therefore if you have any concerns about how potential changes to the relief might affect you, or you want to make sure that you are well positioned to take maximum advantage of any tax reliefs that exist now or in the future, please get in touch with your usual Buzzacott contact or fill in the form below and one of our experts will be in touch.