There has been much speculation around the potential removal of this benefit. Here at Ataraxia we are highly active in the M&A market, and a by-product of this is talking with many quality accountancy firms and law firms.
The general consensus is that the ER relief benefit will be removed on 6th April 2020, leaving a standard Capital Gains Tax rate of 20%. This is likely to be “stepped up” in future budgets to put the UK more in line with European rates of CGT.
To anyone considering sale or partial sale an asset, please urgently talk to your accountant for their advices on this matter. This could be the shrewdest bit of business you do in 2020.