Entrepreneurs' Relief Seminar


5th December 2019

Philip Ridgway presents a one day seminar looking at the recent developments in and changes to entrepreneurs’ relief. Places are limited to seven attendees so as to enable in depth discussion of the problem areas.


Qualifying for entrepreneurs’ relief is becoming ever more complex as evidenced by the increasing number of cases coming before the tribunals and the recent changes in legislation. Furthermore, with the increase of the qualifying period to two years, action needs to be taken sooner rather than later to ensure that clients will qualify for the valuable relief when they ultimate dispose of their company or business.


Among the topics to be covered are:

  • Ordinary share capital: ordinary share or preference share? The cases of CastledeineMcQuillanHunt and Warshaw.
  • The new distribution/assets and 5% sale proceeds tests: How do they apply to alphabet shares, growth shares and shares with variable rights? Traps for the unwary.
  • “Dilution Relief”: How it applies and how it sometimes doesn’t. Making sure your clients qualify. Dilution through the exercise of options before sale. Identified traps in the legislation.
  • The trading company test: cash rich companies and surplus assets. The case of Potter.
  • Trustee disposals: The qualifying beneficiary and interest in possession tests and the case of The Quentin Skinner 2005 Settlement L.
  • Associated Disposals: Examining the rules applicable to companies and partnerships. Why sole traders don’t need the associated disposal rules. Restrictions on the relief through rent charged, time owned etc. Are the assets owned as partnership property or otherwise?

 

Cost: £650 + VAT (includes documentation, refreshments, lunch in the historic Middle Temple Hall, mulled wine and mince pies).

 

Click here to register

Associated Members

Philip Ridgway