Citywealth Weekly published an overview of The Chancellor’s Autumn 2018 Budget. Jennifer Anderson from the firm's Tax Group commented on the tax changes that UK entrepreneurs would face.
“The changes that are immediately effective will impact many private equity structures with management incentive plans where these previously allowed a sub-set of managers to access Entrepreneurs' Relief by using more than one share class. The risk is that the rights attaching to those classes may not now pass the new 5 per cent economic rights test effective as of today.”
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