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01293 855425 - mharding@harding-associates.co.uk -
The new rules.
The minimum period throughout which certain conditions must be met to qualify for Entrepreneurs' Relief (ER) is being increased from one year to two years. This has effect for disposals on or after 6 April 2019, except where a business ceased before 29 October 2018. Where the claimant's business ceased, or their personal company ceased to be a trading company (or the holding company of a trading group) before 29 October 2018, the existing one year qualifying period continues to apply.
To qualify for ER, the company needs to be an individual's 'personal company'. This means that an individual must, throughout the relevant qualifying period:
For disposals on or after 29 October 2018, an individual must also satisfy either of the following:
01 May 2024
The British Chambers of Commerce (BCC) is concerned over the impact of new customs checks and charges on small firms in the UK.
23 Apr 2024
A look at the issues plaguing HMRC and giving taxpayers headaches.