Brexit & EconomyPoliticsBudget 08: Darling raises funds for small businesses

Budget 08: Darling raises funds for small businesses

Entrepeneurs given boost as Darling widens reliefs and funding, but non-movement on CGT takes the shine off

Small businesses have been given a partial boost by the Chancellor.

The income tax relief threshold on investments is raised by 25% to £500,000
from £400,000. The employee share limit for tax relief under the Enterprise
Management Incentive scheme will also increase from £100,000 to £120,000.

Despite the boost, entrepeneurs will still pay a flat rate of 18% on capital
gains. Only those with more than a 5% stake in a company will qualify for the
entrepreneurs’ relief of a 10% tax rate on the first £1m of business asset
gains.

Related Articles

Spring Statement 2018: Spring has sprung as chancellor finds his inner Tigger

Budget Spring Statement 2018: Spring has sprung as chancellor finds his inner Tigger

1m Emma Smith, Managing Editor
Spring Statement live feed

Budget Spring Statement live feed

1m Emma Smith, Managing Editor
Spring Statement 2018: 5 things to look out for

Brexit & Economy Spring Statement 2018: 5 things to look out for

1m Alia Shoaib, Reporter
Financial Secretary to the Treasury on Brexit, Spring Statement, Making Tax Digital and Carillion

Politics Financial Secretary to the Treasury on Brexit, Spring Statement, Making Tax Digital and Carillion

3m Emma Smith, Managing Editor
David Davis, Secretary of State for Exiting the European Union

Brexit & Economy David Davis, Secretary of State for Exiting the European Union

3m Alia Shoaib, Reporter
Philip Hammond, Chancellor of the Exchequer

Brexit & Economy Philip Hammond, Chancellor of the Exchequer

3m Alia Shoaib, Reporter
Elizabeth Truss, Chief Secretary to the Treasury

Brexit & Economy Elizabeth Truss, Chief Secretary to the Treasury

3m Alia Shoaib, Reporter
Mel Stride, Financial Secretary to the Treasury

Brexit Mel Stride, Financial Secretary to the Treasury

3m Lucy Skoulding, Reporter