TaxCorporate TaxBudget 2010: Entrepreneurs receive more CGT relief

Budget 2010: Entrepreneurs receive more CGT relief

Threshold rises to £2m

Entrepreneuers are to receive an increased threshold of £2m on which they
will pay just 10% capital gains tax, instead of the main rate of 18%.

The relief limits are a lifetime limit per individual.

The relief only applies to certain kinds of assets, though there were no
changes in the chancellor’s announcement.

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