Sajid Javid set to curb ‘entrepreneurs relief’ in Budget

[jamesbrown]

None of those ****ers mention that ER was introduced after unlimited Business Taper Relief was eliminated - they already massively increased taxation with that and ER was supposed to offset at least some of this day light robbery.

People made long term investment decisions and now likely to face situation when they’d have to sell quick.

Yup. Article above makes a similar point. If they do remove it altogether, it will hopefully apply to new companies only, but I’m not holding my breath.

[AtW]

st,

Yup. Article above makes a similar point. If they do remove it altogether, it will hopefully apply to new companies only, but I’m not holding my breath.

They will give time till April 6 to sell at best or make it with immediate effect.

[GhostofTarbera]

They will give time till April 6 to sell at best or make it with immediate effect.

My money is on, immediate effect for company’s with 2 or less employees- as per his HMRC masters


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[ChimpMaster]

My money is on, immediate effect for company’s with 2 or less employees- as per his HMRC masters


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Best get hiring then.

[jamesbrown]

Being completely scrapped according to the Sunday Times.

[jamesbrown]

Story here:

Chancellor Rishi Sunak to snatch GBP3bn entrepreneurs’ tax relief to pay for the north | News | The Sunday Times

[ChimpMaster]

They'll raise CGT too at the same time, so it'll be a double-hit.

That's the trick Tories have been using since Osborne's days. It's not one hit, it's always two at the same time.

[yMyjgT]

Will be gutted if this is scrapped
Fingers crossed it's not scrapped with immediate effect, and I have enough time to close company.

[jamesbrown]

Will be gutted if this is scrapped
Fingers crossed it's not scrapped with immediate effect, and I have enough time to close company.

If they've really decided to scrap it, then it will be done with immediate effect.

[SeededLoaf]

If they've really decided to scrap it, then the cash will stay in the business and be drawn out at basic rate when I stop working.