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Budget 2010 - Entrepreneurs’ Relief

The Chancellor made a welcome and unexpected announcement regarding Entrepreneurs’ Relief, the relief that potentially reduces the rate of capital gains tax (CGT) to 10% on certain disposals.

With effect from 6 April 2010, the lifetime limit of gains qualifying for Entrepreneurs’ Relief will double, to £2 million.

A good reason for some people currently selling their businesses to delay matters until the new tax year, perhaps.

 

 

Date: 24th March, 2010
Author: David Mansell

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