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Entrepreneurs Relief

Income, Corporation, Capital Gains, Inheritance Taxes, VAT and so on.

Entrepreneurs Relief

Postby convoy2 » Mon Mar 23, 2015 7:50 pm

Hi,
Are there any situations/Reasons why a time limit for ER can be extended.
There is a scenario where a Capital Gain was created Monies paid on account, tax office informed but then due to illness the paperwork not completed.

Thanks
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Re: Entrepreneurs Relief

Postby atticus » Tue Mar 24, 2015 5:08 am

You need to take specialist advice. I doubt that anyone here has the expertise you need.
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Re: Entrepreneurs Relief

Postby dls » Tue Mar 24, 2015 6:25 am

Check out
https://www.gov.uk/government/collections/hmrc-manuals

Get advice direct - ASAP. There are many appeals against different elements of tax law based on such an argument - they very often fail, but it depends a lot on the exact circumstances.
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Re: Entrepreneurs Relief

Postby convoy2 » Fri Mar 27, 2015 8:18 am

Thanks

I am doing my homework prior to advice, I have Trolley's tax guide and other general publications, any recommendations for any dealing direct with CGT ?
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Re: Entrepreneurs Relief

Postby atticus » Fri Mar 27, 2015 8:27 am

Make sure you are using books that are bang up to date.

For other readers' benefit, it's Tolley's guide (not Trolley's).
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Re: Entrepreneurs Relief

Postby dls » Fri Mar 27, 2015 2:25 pm

The big thing is that a chunk out of any chance of relief disappears as every sun goes down.
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