Background The 2016 Budget again proved to be perfect opportunity for our fine Chancellor to tinker with Entrepreneurs’ Relief (ER) – one of the most attractive reliefs provided to entrepreneurs. However, in contrast with some of the previous tinkering to the regime, these changes were generally of a positive nature and should generally increase the availability of the relief.
Background An investor who has invested in either an EIS or Seed EIS company is likely to also to be able to avail themselves of Business Property Relief (BPR) for Inheritance Tax (IHT) purposes. This will be the case once the (S)EIS qualifying shares have been held for at least 2 years. What is BPR?