Online News - Business News - Date: April 2010
Entrepreneurs' Relief
The amount of an individual’s capital gains that can qualify for Entrepreneurs’ Relief are currently subject to a lifetime limit of £1 million. Gains qualifying for the relief are charged at an effective tax rate of 10% rather than the usual rate of 18%.
The lifetime limit will be doubled to £2 million for disposals on or after 6 April 2010.
Internet link: HMRC Budget note
For further information, please contact us on 03332 401 333 or email enquiries@kirknewsholme.co.uk
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