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Entrepreneurial relief extension

Comment 8th July 2010

Entrepreneurial relief should apply to the sale of any part of a business, equal or exceeding 5% thereof, rather than than only to the entire holding as at present.

Why does this matter?

The abolition of taper relief for business assets has almost quadrupled the CGT on business assets. This measure would allow business proprietors to retire gradually, rather than having to do so all at once..

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