Entrepreneurs’ Relief – changes to lifetime limit

Dave Wright, Tax and Accountancy Publisher

March 25, 2020

Entrepreneurs’ Relief – the Lifetime Limit is reduced from £10million to just £1million for disposals made on or after 11 March 2020. The reduced Lifetime Limit can also affect many disposals made prior to 11 March 2020, so many serial entrepreneurs will already be denied any further relief if they sold shares in exchange for other shares or securities. The anti-forestalling provisions in the Finance Bill published on 19 March 2020 do not include adequate transitional provisions and apply inconsistently and unfairly.

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