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Breaking News: Entrepreneurs' Relief increased to £10m

Following the capital gains tax reform exciting news for business owners comes in the form of Entrepreneurs’ Relief.  George Osborne has announced that the threshold will be extended from £5m to £10m ensuring that business creators are rewarded through the tax regime when compared to the increase in CGT on personal assets.

This is excellent news for businesses looking to plan their exit.

The Entrepreneurs’ relief applies to each shareholder. 

The lifetime limit is being increased from £5m to £10m for disposals made on or after 6th April 2011.

Qualifying capital gains are then subject to capital gains tax at 10% rather than 18% or 28%.

Contact me  to discuss your exit plan and the potential benefits of the revised CGT rules.

0333 3440 778 - info@hhcbs.co.uk

 

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