Industry backs 10% CGT for small firms

Stavro-Beauchamp, Laura
January 2008
Mortgage Strategy;1/28/2008, p10
Trade Publication
The article reports on the Capital Gains Tax (CGT) relief, a legislation by Chancellor Alistair Darling for small firms in Great Britain. According to Darling, the entrepreneur's relief will provide a special 10% tax rate for the first £1 million of qualifying gains, and gains in excess of £1 million will continue to be taxed at 18%. He adds that the relief will apply to around 80,000 firms and complement the changes to CGT.


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