You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
Belfast - 02890 387033 | Banbridge - 028 4062 5427 | E-mail: reception@jonespeters.co.uk
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:
HMRC has updated guidance on when tax relief is available on travel expenses for staff who work from home.
26 Apr 2024
Figures have shown that UK borrowing over the last financial year was £7.6 billion lower when compared to the year before.
25 Apr 2024