TRIALS AND TRIBULATIONS

摘要

Entrepreneurs' relief is one of the main tax breaks designed to encourage business and entrepreneurship. Like many other tax reliefs, it is riddled with complexity. Furthermore, since the entrepreneurs' relief regime was radically improved in 2010 and 2011, some have attempted to exploit it in situations that were not intended by the legislature. Of course, this is the familiar tale for so many well-intentioned tax reliefs. The unfortunate consequence of this is that the legislation now contains many traps for 'unsuspecting' entrepreneurs who are making genuine disposals of their business interests.