BIA submission to HMT & HMRC consultation on allowing Entrepreneurs’ Relief on gains made before dilution

The BIA has responded to the HM Treasury & HMRC consultation on allowing Entrepreneurs’ Relief on gains made before dilution.

In our submission, we stated that:

  • The current Entrepreneurs' Relief regime unfairly penalises life science company founders and acts as a disincentive to innovation
  • The government's proposed change would do nothing to address the shortcomings we identified 
  • The proposed new system would be burdensome and difficult to administer 

This consultation is part of the wider Patient Capital Review.

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