Chancellor Increases Qualifying Amount for 10% ‘Entrepreneurs’ Relief’ to £10M [28.03.2011]
In the Budget Statement on 23rd March 2011, the Chancellor included the following good news for Business Owners:
Emergency Budget Increases Gain Amount Qualifying for 10% ‘Entrepreneur’s Relief’ [22.06.2010]
As those of us, without an axe to grind (!), expected, the general increase in the rates of Capital Gains Tax has not impacted business owners considering a sale of their business. In fact, it is quite the reverse, because the Chancellor has enhanced the relief available for business owners on the gain made on selling a business from the first £2m of gains to the first £5m.
Members Voluntary Liquidation - Business Owners Tempted by the Siren Voices of Liquidators Should Think Twice [12.06.2010]
As I write this, we are days from the Coalition Government’s emergency budget as part of which the Capital Gains Tax (CGT) rules are widely expected to change. Despite several comments from key Conservative party figures to the contrary, there is continuing speculation that Entrepreneur’s Relief, by which business owners, selling their company via a share-sale, pay a lower rate of CGT, may be adversely affected.
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