Rawlinson & Hunter’s Stephen Yates looks at February’s tax developments which may be of interest to the private client practitioner...

Entrepreneurs’ Relief – What is Substantial? 

Assem Allam (2020) UK FTT 0026 is another in the recent string of important cases for those advising on Entrepreneurs’ Relief (“ER”).

The question for the First Tier Tribunal was whether Mr Allam’s company was a “trading company” within the definition contained in section 165A (3) TCGA 1992, or whether the company’s activities “to a substantial extent” inv...