Policy paper

Reduction in the lifetime limit for Entrepreneurs' Relief - technical note

This note explains the reduction in the Entrepreneurs’ Relief lifetime limit announced at Budget 2020.

• From: HM Revenue & Customs
• Published: 11 March 2020
• Last updated: 19 March 2020 — See all updates

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Reduction in the lifetime limit for Entrepreneurs' Relief - technical note

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At Budget 2020 the Chancellor announced that the Entrepreneurs’ Relief lifetime limit would be reduced from £10,000,000 to £1,000,000. This will apply to qualifying disposals made on or after 11 March 2020 and to certain disposals made before 11 March 2020.

The document on this page has been updated to include detail on an additional anti-forestalling rule included in the Finance Bill published on 19 March 2020

There is also a measure for this technical note.

Published 11 March 2020
Last updated 19 March 2020 + show all updates

1. 19 March 2020

   This page has been updated to include detail on an additional anti-forestalling rule included in the Finance Bill published on 19 March 2020.

2. 11 March 2020

   First published.