Capital Gains Tax – again

Whilst the head-line rate of Capital Gains tax was raised to 28% in the emergency budget , the coalition government have reduced the negative consequences for business owners and entrepreneurs.  Entrepreneurs Relief, currently chargeable at 10%, has been extended to the first £5m of an individual’s lifetime gain.  The move is hoped to kick-start the private sector economy by encouraging entrepreneurial investment and restoring dynamism to corporate ownership.  As a result many business owners are considering their options going forward amidst an increased appetite from both domestic and overseas acquirers.