Major overhaul of BES and bloodstock in Finance Bill

A replacement for the controversial tax exemption on stallions and a new tax break aimed at boosting midlands tourism will be the headline measures in this week’s Finance Bill.

27th January, 2007

A replacement for the controversial tax exemption on stallions and a new tax break aimed at boosting midlands tourism will be the headline measures in this week’s Finance Bill. The bill will also include a major revamp of the business expansion scheme (BES).

The bill, which brings into effect measures in last month’s budget, is expected to make changes to the Section 481 tax break for film-makers in an attempt to increase the...

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