Donald Reid Group

Entrepreneurs relief changes – how will they affect you?

One of the most unexpected changes to arise from the recent Budget was the introduction of new qualifying criteria on entrepreneurs' relief. As a result, those who previously benefited, may need to restructure the shareholding of their personal company to ensure they will still qualify.
 

Read more...

Phoenixism

Rules introduced with the Finance Act 2016 were intended to try to put an end to the situation where an entrepreneur formed a series of companies and took advantage of claiming entrepreneurs' relief on the cash released by liquidation rather than paying tax on the profits earned and withdrawn as dividend income.  

Read more...

Go to top of page