Robert Pullen, Partner at Blick Rothenberg said: “I am delighted that Entrepreneurs Relief will be retained, albeit with a doubling of the qualifying period from one year to two years. For most business owners this shouldn’t cause a significant issue, but it shouldn’t be overlooked.”
Nimesh Shah, Partner at Blick Rothenberg commented: “Extending the minimum holding period to two years for Entrepreneurs Relief is unlikely to affect many. It’s an unnecessary change in response to a negative suggestion to abolish the relief completely.”