- This topic has 2 replies, 2 voices, and was last updated 10 years ago by
.
Viewing 3 posts - 1 through 3 (of 3 total)
- Posts
in the open tuition course notes i don’t understand gift relief section 3.2-interactions with Entrepreneur’s Relief (ER).
does the 1st point mean that if GR is claimed, we cannot claim ER?
If thats so its contradicting with the second point.
i listened to the lectures, but i need further explanation.
can u help me please!!As per the answer to your previous question if either rollover relief or now gift relief is claimed then that will defer the gain and these claims are made before applying entrepreneurs relief (ER) because ER is a tax rate (10%) and will only apply to any taxable gains that remain (if any). If gains are deferred then there is nothing to claim ER on!
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.