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The changes to the entrepreneurs’ relief associated disposals rules in Finance Bill 2016.
KEY POINTS
- A brief summary of the original associated disposal rules.
- Additional conditions were imposed by Finance Act 2015 which specified that the taxpayer must have a minimum interest in a company or partnership.
- HMRC’s responses to questions on the 2015 legislation.
- More conditions are proposed by Finance Bill 2016.
- There will be a new three-year holding period condition.
Like many tax practitioners I sat with bated breath awaiting the Budget speech in March. As we are all well aware it is never really about what the Chancellor says but what the underlying press releases and supporting documents contain – the devil is in the detail and all that. So imagine my surprise when the accompanying documents contained a number of changes to entrepreneurs’ relief ...
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