{"id":3252,"date":"2018-03-01T10:44:49","date_gmt":"2018-03-01T10:44:49","guid":{"rendered":"https:\/\/smh.group\/?p=3252"},"modified":"2023-02-15T13:52:52","modified_gmt":"2023-02-15T13:52:52","slug":"entrepreneurs-relief","status":"publish","type":"post","link":"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/","title":{"rendered":"Entrepreneurs Relief"},"content":{"rendered":"<p>If you are contemplating selling your business you simply cannot afford to miss out on Entrepreneurs Relief (ER), not when it can reduce the tax rate payable from 28% to just 10% and thereby enables you to keep 18% more of the gains you make!<\/p>\n<p>Briefly, the relief is available to:<\/p>\n<ul>\n<li><strong>Sole traders and partners who sell the whole or part of their businesses.<\/strong><\/li>\n<li><strong>Company directors and employees who sell a \u2018material stake\u2019 in a \u2018qualifying company\u2019. A \u2018material stake\u2019 means that the shareholder works for the company, owns at least 5% of the share capital and is able to exercise at least 5% of the voting rights<\/strong><\/li>\n<li><strong>Company directors and employees who acquired shares under an EMI option<\/strong><\/li>\n<\/ul>\n<p>However,\u00a0 there are a number of detailed conditions that need to be met and it is all too easy to lose the relief if you aren\u2019t aware of the ways in which relief can be invalidated through \u2018disqualifying events\u2019 or don\u2019t\u00a0 make the claim\u00a0 in good time. Consider the recent case of\u00a0 McQuillan (TC5074):<\/p>\n<p><em>\u00a0<\/em><em>The taxpayer and his wife each owned \u00a033\u00a0 of\u00a0 the 100 \u2018ordinary shares \u2018in issue (ie, comfortably more than 5% each of the \u2018ordinary share capital\u2019) . \u00a0<\/em><\/p>\n<p><em>However, the company also had \u00a330,000 \u2018redeemable shares\u2019 in issue, which were owned by \u2018X\u2019. The redeemable shares had no entitlement to dividends and no voting rights so, in effect, X had simply lent \u00a330,000 to the company with the loan being secured in the form of redeemable shares.<\/em><\/p>\n<p><em>Unfortunately, \u00a0Entrepreneurs&#8217; Relief defines \u00a0\u2018Ordinary Share Capital\u2019 \u00a0in\u00a0<\/em><strong><u><a href=\"https:\/\/www.lexisnexis.com\/tolley\/library\/search\/runRemoteLink?A=0.5756854810795146&amp;service=citation&amp;langcountry=GB&amp;linkInfo=F%23GB%23UK_ACTS%23num%252007_3a%25sect%25989%25section%25989%25\"><em>ITA 2007, s 989<\/em><\/a>\u00a0<\/u><\/strong><em>as: &#8216;all the company&#8217;s issued share capital (<u>however described<\/u>), other than capital the holders of which have a right to a dividend at a fixed rate but have no other right to share in the company&#8217;s profits.&#8217;<\/em><\/p>\n<p><em>HMRC&#8217;s argument was simple to make and easily won. The redeemable shares did not entitle the holder to a fixed dividend, so the redeemable shares were \u2018ordinary shares\u2019 for the purposes of ER, and the claim \u00a0for relief therefore failed.<\/em><\/p>\n<p><em>\u00a0<\/em>The above result seems manifestly unfair and against the spirit of the legislation which is designed to foster the entrepreneurial spirit; however, that doesn\u2019t change the outcome. If the McQuillans had obtained professional advice before selling their shares the problem would have been recognised and corrected.<\/p>\n<p>There are many more other potential complications with ER, so don\u2019t let something similar happen to you.<\/p>\n<p>If you are thinking of selling up, either now or sometime in the future, <a href=\"https:\/\/devstagesite.co.uk\/smhgroup\/contact\/\">come and talk to us<\/a> and get proper financial advice.<\/p>\n<p>Telephone &#8211; 01142664432<\/p>\n<p>Email &#8211; info@smhca.co.uk<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are contemplating selling your business you simply cannot afford to miss out on Entrepreneurs Relief (ER), not when it can reduce the tax rate payable from 28% to just 10% and thereby enables you to keep 18% more of the gains you make! Briefly, the relief is available to: Sole traders and partners who sell the whole or part of their businesses. Company directors and employees who sell a \u2018material stake\u2019 in a \u2018qualifying company\u2019. A \u2018material stake\u2019 means that the shareholder works for the company, owns at least 5% of the share capital and is able to exercise at least 5% of the voting rights Company directors and employees who acquired shares under an EMI option However,\u00a0 there are a number of detailed conditions that need to be met and it is all too easy to lose the relief if you aren\u2019t aware of the ways in which relief can be invalidated through \u2018disqualifying events\u2019 or don\u2019t\u00a0 make the claim\u00a0 in good time. Consider the recent case of\u00a0 McQuillan (TC5074): \u00a0The taxpayer and his wife each owned \u00a033\u00a0 of\u00a0 the 100 \u2018ordinary shares \u2018in issue (ie, comfortably more than 5% each of the \u2018ordinary share capital\u2019) . [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":15915,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[3,4,26,16,2],"tags":[69,83,92,98,77,73,60,61,14,76],"class_list":["post-3252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smh-accounting-business-advisory","category-chartered-tax-advisers","category-commercial-finance","category-financial-services","category-wills-probate","tag-capital-gains-tax","tag-chartered-accountants","tag-estate-planning","tag-financial-advice","tag-financial-planning","tag-stamp-duty-land-tax","tag-sutton-mcgrath-hartley","tag-tax-advisers","tag-tax-planning","tag-vat"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Entrepreneurs Relief - SMH Group<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Entrepreneurs Relief - SMH Group\" \/>\n<meta property=\"og:description\" content=\"If you are contemplating selling your business you simply cannot afford to miss out on Entrepreneurs Relief (ER), not when it can reduce the tax rate payable from 28% to just 10% and thereby enables you to keep 18% more of the gains you make! Briefly, the relief is available to: Sole traders and partners who sell the whole or part of their businesses. Company directors and employees who sell a \u2018material stake\u2019 in a \u2018qualifying company\u2019. A \u2018material stake\u2019 means that the shareholder works for the company, owns at least 5% of the share capital and is able to exercise at least 5% of the voting rights Company directors and employees who acquired shares under an EMI option However,\u00a0 there are a number of detailed conditions that need to be met and it is all too easy to lose the relief if you aren\u2019t aware of the ways in which relief can be invalidated through \u2018disqualifying events\u2019 or don\u2019t\u00a0 make the claim\u00a0 in good time. Consider the recent case of\u00a0 McQuillan (TC5074): \u00a0The taxpayer and his wife each owned \u00a033\u00a0 of\u00a0 the 100 \u2018ordinary shares \u2018in issue (ie, comfortably more than 5% each of the \u2018ordinary share capital\u2019) . [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/\" \/>\n<meta property=\"og:site_name\" content=\"SMH Group\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-01T10:44:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-15T13:52:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2018\/03\/what-makes-an-entrepreneur-1024x450.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Brendan Hall\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brendan Hall\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/\"},\"author\":{\"name\":\"Brendan Hall\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e\"},\"headline\":\"Entrepreneurs Relief\",\"datePublished\":\"2018-03-01T10:44:49+00:00\",\"dateModified\":\"2023-02-15T13:52:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/\"},\"wordCount\":430,\"image\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2018\/03\/what-makes-an-entrepreneur-1024x450.jpg\",\"keywords\":[\"Capital Gains Tax\",\"chartered accountants\",\"estate planning\",\"financial advice\",\"financial planning\",\"Stamp Duty Land Tax\",\"sutton mcgrath hartley\",\"tax advisers\",\"tax planning\",\"VAT\"],\"articleSection\":[\"SMH Accounting &amp; Business Advisory\",\"SMH Chartered Tax Advisers\",\"SMH Commercial Finance\",\"SMH Financial Services\",\"SMH Wills &amp; Probate\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/\",\"url\":\"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/\",\"name\":\"Entrepreneurs Relief - SMH Group\",\"isPartOf\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2018\/03\/what-makes-an-entrepreneur-1024x450.jpg\",\"datePublished\":\"2018-03-01T10:44:49+00:00\",\"dateModified\":\"2023-02-15T13:52:52+00:00\",\"author\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e\"},\"breadcrumb\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/#primaryimage\",\"url\":\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2018\/03\/what-makes-an-entrepreneur-1024x450.jpg\",\"contentUrl\":\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2018\/03\/what-makes-an-entrepreneur-1024x450.jpg\",\"width\":1024,\"height\":450},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/devstagesite.co.uk\/smhgroup\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Entrepreneurs Relief\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#website\",\"url\":\"https:\/\/devstagesite.co.uk\/smhgroup\/\",\"name\":\"SMH Group\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/devstagesite.co.uk\/smhgroup\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e\",\"name\":\"Brendan Hall\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fe3e3bb96786e02b14d97d1c006fde60e4080a2841fd919bafa62c4cc1c65688?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fe3e3bb96786e02b14d97d1c006fde60e4080a2841fd919bafa62c4cc1c65688?s=96&d=mm&r=g\",\"caption\":\"Brendan Hall\"},\"url\":\"https:\/\/devstagesite.co.uk\/smhgroup\/author\/brendan-hall\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Entrepreneurs Relief - SMH Group","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"Entrepreneurs Relief - SMH Group","og_description":"If you are contemplating selling your business you simply cannot afford to miss out on Entrepreneurs Relief (ER), not when it can reduce the tax rate payable from 28% to just 10% and thereby enables you to keep 18% more of the gains you make! Briefly, the relief is available to: Sole traders and partners who sell the whole or part of their businesses. Company directors and employees who sell a \u2018material stake\u2019 in a \u2018qualifying company\u2019. A \u2018material stake\u2019 means that the shareholder works for the company, owns at least 5% of the share capital and is able to exercise at least 5% of the voting rights Company directors and employees who acquired shares under an EMI option However,\u00a0 there are a number of detailed conditions that need to be met and it is all too easy to lose the relief if you aren\u2019t aware of the ways in which relief can be invalidated through \u2018disqualifying events\u2019 or don\u2019t\u00a0 make the claim\u00a0 in good time. Consider the recent case of\u00a0 McQuillan (TC5074): \u00a0The taxpayer and his wife each owned \u00a033\u00a0 of\u00a0 the 100 \u2018ordinary shares \u2018in issue (ie, comfortably more than 5% each of the \u2018ordinary share capital\u2019) . [&hellip;]","og_url":"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/","og_site_name":"SMH Group","article_published_time":"2018-03-01T10:44:49+00:00","article_modified_time":"2023-02-15T13:52:52+00:00","og_image":[{"width":1024,"height":450,"url":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2018\/03\/what-makes-an-entrepreneur-1024x450.jpg","type":"image\/jpeg"}],"author":"Brendan Hall","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Brendan Hall","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/#article","isPartOf":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/"},"author":{"name":"Brendan Hall","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e"},"headline":"Entrepreneurs Relief","datePublished":"2018-03-01T10:44:49+00:00","dateModified":"2023-02-15T13:52:52+00:00","mainEntityOfPage":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/"},"wordCount":430,"image":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/#primaryimage"},"thumbnailUrl":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2018\/03\/what-makes-an-entrepreneur-1024x450.jpg","keywords":["Capital Gains Tax","chartered accountants","estate planning","financial advice","financial planning","Stamp Duty Land Tax","sutton mcgrath hartley","tax advisers","tax planning","VAT"],"articleSection":["SMH Accounting &amp; Business Advisory","SMH Chartered Tax Advisers","SMH Commercial Finance","SMH Financial Services","SMH Wills &amp; Probate"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/","url":"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/","name":"Entrepreneurs Relief - SMH Group","isPartOf":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#website"},"primaryImageOfPage":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/#primaryimage"},"image":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/#primaryimage"},"thumbnailUrl":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2018\/03\/what-makes-an-entrepreneur-1024x450.jpg","datePublished":"2018-03-01T10:44:49+00:00","dateModified":"2023-02-15T13:52:52+00:00","author":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e"},"breadcrumb":{"@id":"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/#primaryimage","url":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2018\/03\/what-makes-an-entrepreneur-1024x450.jpg","contentUrl":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2018\/03\/what-makes-an-entrepreneur-1024x450.jpg","width":1024,"height":450},{"@type":"BreadcrumbList","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/entrepreneurs-relief\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/devstagesite.co.uk\/smhgroup\/"},{"@type":"ListItem","position":2,"name":"Entrepreneurs Relief"}]},{"@type":"WebSite","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#website","url":"https:\/\/devstagesite.co.uk\/smhgroup\/","name":"SMH Group","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/devstagesite.co.uk\/smhgroup\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e","name":"Brendan Hall","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/fe3e3bb96786e02b14d97d1c006fde60e4080a2841fd919bafa62c4cc1c65688?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fe3e3bb96786e02b14d97d1c006fde60e4080a2841fd919bafa62c4cc1c65688?s=96&d=mm&r=g","caption":"Brendan Hall"},"url":"https:\/\/devstagesite.co.uk\/smhgroup\/author\/brendan-hall\/"}]}},"_links":{"self":[{"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/posts\/3252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/comments?post=3252"}],"version-history":[{"count":1,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/posts\/3252\/revisions"}],"predecessor-version":[{"id":24388,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/posts\/3252\/revisions\/24388"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/media\/15915"}],"wp:attachment":[{"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/media?parent=3252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/categories?post=3252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/devstagesite.co.uk\/smhgroup\/wp-json\/wp\/v2\/tags?post=3252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}