Seminar tees up relief for business owners

Solicitors Alsters Kelley are running a free seminar next month (November) to help business owners looking to make the best of recent changes in the tax regime.

 

The event is on Thursday 4 November at The Warwickshire Golf & Country Club in Leek Wootton near Warwick and will review the Coalition Government's changes to the system, which came into force in June this year.

 

Colin Witherall, Head of Corporate in the Coventry and Warwickshire firm's Company Commercial department, and corporate tax adviser Lisa Stevenson of Parisi Tax LLP will lead the seminar.

 

Mr Witherall said: "Our first impression was that the changes for CGT Relief looked quite dramatic and good for business owners. They increased the rate of CGT from 18 per cent to 28 per cent, while raising the sums available under Entrepreneur's Relief (where the reduced rate of 10% applies) from £2 million to £5 million."

 

Inevitably, the devil is in the detail. "The way in which the relief is calculated has been streamlined which makes it simpler in some ways but there are a number of pitfalls to watch for that can easily be missed in normal commercial situations."

 

The seminar will focus on corporate taxation of small to medium enterprises and some of the steps which they can take to mitigate their tax liability. Anyone interested in registering for the seminar can do so by emailing cocoseminars@alsterskelley.com.