Entrepreneurs' relief - the family dynamic

A recent first tier tribunal tax case Wilkinson TC 08887 highlights that, with care, families can maximise Business Asset Disposal Relief (the successor to Entrepreneurs' Relief), often referred to as "BADR" by dividing up a shareholding, pre-sale, between family members. 

See our commentary on the case which explores the approach that the tribunal took to tax mitigation, ultimately concluding in favour of the taxpayer.