Entrepreneur Relief does little for Investors

After the barrage of complaints from the UK's business community following Chancellor Alistair Darling's announcement late last year of an 18% flat rate of Capital Gains Tax (CGT), a major change to the regime was announced in January.  This sees the introduction of a 10% 'entrepreneur relief' on any capital gain of up to £1 million within a lifetime.  Higher gains will incur the full rate.

There are, however, many ways in which your business can reduce their CGT liability.  The key is to understand the rules at the beginning of any investment and plan accordingly.  For example, married couples can use both their CGT allowances ad investigate principal private residence rules.

But every situation is different, and it is important to get the right initial advice.  Please contact Andrew Procter or Alistair Latham on 01482 324591 for further details of the new CGT rules.

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