Tag Archive: entrepreneurs relief
Business owners denied entrepreneurs’ relief on technicality in HMRC v Michael and Elizabeth McQuillan
The Upper Tax Tribunal has agreed that HM Revenue & Customs was right to deny entrepreneurs’ relief to a pair of company owners, despite acknowledging that the outcome was unfair and the relief had been devised precisely for entrepreneurs like…
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Non- Dividend Shares Qualify for Entrepreneurs’ Relief
The First-tier Tax Tribunal has overruled a decision by HM Revenue & Customs that shares which have no right to a dividend are not entitled to entrepreneurs’ relief from capital gains tax. The shares in question were created when a…
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Director Claiming Capital Gains Tax Entrepreneurs’ Relief With A 5% Holding Is Disappointed
In Castledine v HM Revenue and Customs the First-tier Tribunal held that deferred shares with no voting rights, no dividend entitlement and no realistic expectation of a distribution on winding up formed part of the ordinary share capital of a…
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