No tax change to Entrepreneurial relief in the Autumn statement

November 29, 2015

There were rumours that the rules around Entrepreneurial relief may change in the Autumn statement.

Entrepreneurial relief is selling a business for a tax rate of 10% as opposed to 18% or 28%. You can do this multiple times in a lifetime up to sale proceeds of £10 million.

This relief is open to directors with over 5% shareholding.

Best of all, was that entrepreneurial relief was not adjusted.

In the summer budget, the chancellor announced a crackdown on individuals who attempted to fudge the rules by forming a management company. There were also no update on this.

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