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Changes to entrepreneurs’ relief

22 January 2019 / Pete Miller
Issue: 4680 / Categories: Comment & Analysis
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Happy outcome

KEY POINTS

  • Budget changes to entrepreneurs’ relief created problems for a company with alphabet shares.
  • An alternative test will entitle the holders of the shares to entrepreneurs’ relief if they receive at least 5% of the proceeds when the company is sold.
  • The ownership and voting conditions remain as before along with the other autumn Budget amendments.
  • Another restriction concerns the sale of goodwill by individuals to a company on or after 21 December 2018.

Much has been made of the Chancellor’s announcements on 29...

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