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Entrepreneurs’ relief: Where are we now?

By Chris Thorpe, June 2020

Chris Thorpe takes a look at the relief formerly known as entrepreneurs’ relief following the budget in March 2020.  

Prior to the budget in March 2020, the rumour mill about the future of entrepreneurs’ relief (ER) for capital gains tax (CGT) was red hot; talk of restrictions and even abolition in order to fulfil the government’s election spending promises.  

As it transpired, ER was not abolished. However, for some individuals it might as well have been, as its effectiveness has potentially been significantly blunted.  

What’s in a name? 

The first change to point out is an interesting one – the name. From April 2020, it is no longer named ER – it is now, rather blandly, known as ‘business asset disposal relief’ (BADR).  

Straight away it sounds like the government does not like entrepreneurs or any such

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