As announced in the Autumn Budget.
The government will publish detailed proposals on how it intends to partially reinstate relief for acquired goodwill in the acquisition of businesses with eligible intellectual property.
It will also alter the regime’s de-grouping charge rules so that a charge will not arise where de-grouping is the result of a share disposal that qualifies for the Substantial Shareholding Exemption.
The changes to the de-grouping rules will have effect in relation to de-groupings occurring on or after 7 November 2018.
If you have any concerns or queries relating to the announcements made within the Chancellor’s Autumn Budget, our tax experts will be readily available to guide you through the tax maze and help you with bespoke solutions to ensure that you and your business are as tax efficient as possible.