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Interaction of Entrepreneurs’ Relief and relief under the Enterprise Investment Scheme (EIS)

The Chancellor has announced a substantial improvement in the gains deferral relief under EIS. Currently where gains that would otherwise qualify for entrepreneurs’ relief are deferred into EIS shares the gain is held over until disposal of the EIS shares when it crystallises and is taxed at full rates. Under the proposed changes when the qualifying gain crystallises it will be taxed at the entrepreneurs’ relief rate. 

This is a welcome change to the existing legislation that penalised investors.

 

 

Date: 3rd December, 2014
Author: Cathy Corns

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