More good news on EIS
The position on deferred gains is being changed – for the better. Where gains qualifying for entrepreneurs’ relief are deferred, currently when they ultimately crystallise they are taxed at 28%. This position will be changed so that the gains are ultimately taxed at the more favourable entrepreneurs’ relief rate.
Unfortunately, as yet, we have no draft legislation nor indications of dates.
Date: 3rd December, 2014
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