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