Questor Inheritance Tax Portfolio: HM Treasury knows business property relief is too generous and will act soon
5 March 2021 • 5:00am
Another Budget has passed and it is another sigh of relief for followers of Questor’s Inheritance Tax Portfolio. The rules underpinning its existence have been left untouched.
The idea of business property relief being abolished, or at least changed, gathered momentum in 2020. However, as the world changed so did the Chancellor’s plans. Questor did not expect such generosity this time. It would be wise to assume this will not last for long.
Business property relief, in its current form, is generous and the Government knows this. The Alternative Investment Market (Aim) has changed and now has several multinational and £1bn-plus companies, not small plucky upstarts the relief was aimed at.
by Simon Austin
Lancashire-based cloud contact centre start-up Mission Labs has been acquired by listed communications software group Gamma in a deal that could potentially be worth £46 million.
The company, based near Rawtenstall, launched in 2016 and its flagship product is CircleLoop, cloud-based telephony that is fully serviced through web, desktop and mobile applications and aimed at the micro-business market.
Co-founders Damian Hanson and David Hague will remain with Mission Labs and continue to lead its 90-strong team.
The acquisition is for an initial £40.2m, with £6m contingent on certain milestones being reached over the next three years. Gamma said the addition of Mission Labs would give it extra capabilities in the rapidly evolving markets of cloud contact centre and cloud communications.