Tag Archives: Entrepreneurs' Relief

Incentives Update

Michael Deeks, Tax Partner, Olswang | Published: March 23, 2011
From an Incentives perspective, the only real substantive points from today’s Budget relate to entrepreneurs’ relief and the eagerly awaited release of the controversial draft legislation on “disguised remuneration”.  As Natasha has already blogged, whilst the increase in the entrepreneurs’ relief lifetime limit to £10m is welcomed, the Chancellor’s decision not to remove or decrease [...]
Posted in Budget - March 2011, Employee Incentives | Also tagged , , | 1 Comment

A mixed bag for games companies

Cliona Kirby, Tax Partner, Olswang | Published: March 23, 2011
A lot of mixed messages in today’s Budget for the games industry. The proposal to significantly improve EIS and VCT reliefs, in particular, by increasing the annual investment limit to £10 million from £2 million (albeit with effect from 6 April 2012) should assist games companies in obtaining development finance.  EIS relief becomes much more interesting at this level.  We [...]
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Entrepreneurs’ relief – £10 million lifetime limit

Natasha Kaye, Tax Partner, Olswang | Published: March 23, 2011
The Chancellor announced that the entrepreneurs’ relief lifetime limit will be doubled from £5 million to£10 million. This change must be positive for business but, as this is the only change to entrepreneurs’ relief, some will disappointed as there was some hope that the arbitrary requirement to hold 5% of ordinary share capital in qualifying companies would be removed to allow incentivisation of [...]
Posted in Budget - March 2011, Capital Gains Tax | Also tagged | Leave a comment