Yes, OK, as a business owner who may, who knows, retire one day, I have an axe to grind here. But is it fair that, when you’ve built up a business from scratch, paid lots of income, corporation tax and national insurance along the way; you get stung for another 20% when you come to sell it? In a country that supposedly needs and supports entrepreneurs? Governed by the Party of Business? If they’re thinking of ditching this, watch out, I’d say for Business Property Relief, which, on death, allows family and small businesses to pass on free of Inheritance Tax. Come back Corbyn, all is forgiven…
“Lords to probe shake-up of IR35 rules”
‘IR35’ basically says that if you’re ‘self-employed’ but only do work for one company, you’re actually an employee, should be taxed like one and get holidays, maternity leave etc. etc.. It’s been around for 20 years or more and has been difficult, nigh impossible to...
