Capital Distribution / Entrepreneurs tax relief - experiences

[caffeine fuelled]

Thanks Clare, sounds like I might have been worrying for nothing. I might wait another year and stash a bit more away.

[Normie]

Just to make you aware that HMRC are running a consultation about possible changes to ESC16 - you can find some details here:

Garbetts: Proposed Statutory Enactment of ESC C16

[caffeine fuelled]

Just to make you aware that HMRC are running a consultation about possible changes to ESC16 - you can find some details here:

Garbetts: Proposed Statutory Enactment of ESC C16

Hmm I've just read this and I've got to say I'm a little lost? Does it mean the Government are reviewing CD/ETR? Or does it relate to something slightly different? Apologies for being a bit dim.

[Clare@InTouch]

Hmm I've just read this and I've got to say I'm a little lost? Does it mean the Government are reviewing CD/ETR? Or does it relate to something slightly different? Apologies for being a bit dim.

Capital Distributions and ER are two different things.

ESC C16 is the Extra Statutory Concession that allows someone to close a company without a full liquidation and to then take the remaining money as a Capital Distribution (on your tax return ER is then calculated on that distribution to give the extra tax benefits). It's this concession that is being looked at, along with a fair few other concessions I believe.