Tax tweaks part of government’s business charm offensive
John Healey opened his speech with a pledge to support “business big and small” and “backing the enterprise of British business”.
New measures introduced today included a new founders relief on capital gains tax on future investments up to £10m offering a 10% tax rate on up to £10 million of lifetime gains.
Capital Gains Tax remains unchanged, which he said would offer certainty for SME founders and owner-managers weighing up their future, including when and how to exit their businesses.
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