The Enterprises Investment Scheme provides tax benefits to encourage investment in small, unquoted trading companies.
Capital gains tax Entrepreneurs’ Relief (ER) reduces the rate of capital gains tax (CGT) payable on disposals of “business assets”, as defined. It can be claimed on a lifetime total of £10million of capital gains, and reduces the rate of CGT from 28% to 10% and thus is considered an extremely favourable relief.
SDLT is a tax paid by the purchaser, on transactions in land and buildings, including leases, and charged at varying rates, calculated on the amount of ‘chargeable consideration’.
Find out how the statement is likely to affect you, your business and the region.
Find out how the Budget is likely to affect you, your business and the region.