To QCB or not to QCB, that is the question. Aaron Fairhurst investigates
On 22 June as part of the Government’s emergency Budget the Chancellor announced various changes to the CGT regime. The headline changes which were the subject of much speculation before the budget were the increase in the top rate of CGT from 18% to 28% and the increase in the lifetime limit for Entrepreneurs' Relief from £2 million to £5 million.
However two further changes tucked away in the Finance Act and which may have been seen as purely consequential changes could have fairly wide-reaching implications for any individual sellers of companies who are considering accepting or have accepted loan notes by way of deferred consideration.
First the new provisions changed the method of applying the Entrepreneurs’ Relief. Prior to the emergency Budget the relief operated by...
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To QCB or not to QCB, that is the question. Aaron Fairhurst investigates
On 22 June as part of the Government’s emergency Budget the Chancellor announced various changes to the CGT regime. The headline changes which were the subject of much speculation before the budget were the increase in the top rate of CGT from 18% to 28% and the increase in the lifetime limit for Entrepreneurs' Relief from £2 million to £5 million.
However two further changes tucked away in the Finance Act and which may have been seen as purely consequential changes could have fairly wide-reaching implications for any individual sellers of companies who are considering accepting or have accepted loan notes by way of deferred consideration.
First the new provisions changed the method of applying the Entrepreneurs’ Relief. Prior to the emergency Budget the relief operated by...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")