The following Share Incentives Q&A provides comprehensive and up to date legal information covering:
Entrepreneurs' relief (ER) is a reduced rate of capital gains tax (CGT) that individuals or trustees, but not companies, can claim when they dispose of business assets. Certain conditions must be met before the relief will apply. The effect of the relief is to reduce the rate of CGT on the disposal of assets to 10% on a lifetime limit (on disposals after 6 April 2011) of gains of up to £10m.
For details of the qualifying conditions for ER, see Practice Note: CGT—entrepreneurs' relief.
The sale of shares acquired pursuant to enterprise management incentives (EMI) options exercised on or after 6 April 2013 are, subject to the satisfaction of the remaining ER qualifying criteria, eligible to qualify for ER if a minimum qualifying period has elapsed between the date of grant of the options and the subsequent disposal of the EMI shares. For share disposals occurring before 6 April 2019, this minimum period is one year. As announced in Budget 2018, Finance Bill 2019 will include provisions under which, for disposals occurring on or after 6 April 2019, the minimum qualifying period is two
Free trials are only available to individuals based in the UK
Complete all the fields above to proceed to the next step.
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
Take a free trial
Property: [insert name and/or address of the Property] (‘Property’)Purchaser: [insert name, address and (if applicable) company registration number of buyer]Transaction: [insert brief details]1Executive summary1.1Scope of reportThis report is addressed to you [insert buyer’s name] and has been
RobberyRobberyRobbery is a theft offence, involving dishonesty but elevated also by the intention to use force.Robbery can only be tried in the Crown Court on indictment and is categorised as a class 3 offence.Elements of the offence of robberyA person is guilty of robbery if:•they steal something,
What is a public authority?There is no single, universal answer to the question whether a particular organisation is treated, in law, as a public authority.Rather, on one hand the courts have developed case law on which bodies are subject to administrative law through the judicial review procedure;
TCC—preparing for and attending a pre-trial review (PTR)Note:•this Practice Note gives specific guidance on matters proceeding in the Technology and Construction Court (TCC) under the provisions set out in CPR 60, CPR PD 60 and the TCC Guide. As these provisions are additional to the general
0330 161 1234