Much has been made of the changes announced to entrepreneurs’ relief (ER) in the Budget on 11 March 2020, which have resulted in the lifetime limit being reduced to £1m of gains, as well as wide-ranging anti-forestalling rules being introduced to counteract ER planning. In contrast, Investors’ Relief (IR) has been left untouched and is still subject to the same £10m lifetime limit as when it was...
Read moreWe are getting an increased number of enquiries about EMI options, sometimes linked with a salary sacrifice. Companies are hoping to agree low values with HMRC as a result of the economic uncertainty (we will update you once we have seen how HMRC are responding to these valuation submissions) and we have also seen companies wanting to reduce salaries in return for EMI options – this raises some...
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