Monthly Archive May 2016

ByMichael Morrison

Commercial Prospects For Growing Businesses Are Increasing

The changes made to entrepreneur’s relief and to capital gains tax by the Budget in March have made growing businesses and start ups more attractive as investment vehicles many commercial solicitors in London are reporting. Capital gains tax was cut from 28% to 20% for top rate tax payers and from 18% to 10% for basic rate tax payers.

Long-term shareholders in unlisted companies are to receive a boon as entrepreneur’s relief is set to be extended.

 

 

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