Autumn Statement - Analysis
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Enterprise Zones:<br />
The Government will expand the<br />
Enterprise Zone programme in England<br />
with the announcement of 18 new sites<br />
across the country and the extension of<br />
8 sites on the current programme.<br />
Enterprise Zones offer a number of<br />
advantages, including 100% enhanced<br />
capital allowances on qualifying plant &<br />
machinery, and significantly reduced<br />
business rates. This can offer significant<br />
advantages for business, and investors,<br />
alongside the disadvantaged areas<br />
themselves.<br />
Business Investment Relief:<br />
The Government will consult on how to<br />
change the Business Investment Relief<br />
rules to encourage greater use of the<br />
relief to increase investment in UK<br />
businesses. This relief offers the<br />
opportunities for non-domiciles to bring<br />
income to capital into the UK without it<br />
being treated as a taxable remittance,<br />
where the funds are used for qualifying<br />
investment purposes. This can offer<br />
some significant advantages to clients,<br />
especially where the investment is used<br />
for tax advantaged investments, such as<br />
EIS or SEIS.<br />
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