From the 2010 starting point of \u00a31,000,000 the 2011 budget has increased the lifetime limit for Capital Gains Tax Entrepreneurs Relief to \u00a310,000,000.<\/p>\n
Given the increasing age of Farmers \/ Landowners this relief can materially reduce the impact of taxation, for instance, on\u00a0a retirement sale or gift to the next generation. However Entrepreneurs Relief can be a tricky relief to apply (we need to demonstrate a complete disposal of a business) and there is little case law at present on its application. Nevertheless,\u00a0 this is indeed a worthwhile increase in its\u00a0parameters that may make the decision to sell that much easier?<\/p>\n","protected":false},"excerpt":{"rendered":"
From the 2010 starting point of \u00a31,000,000 the 2011 budget has increased the lifetime limit for Capital Gains Tax Entrepreneurs Relief to \u00a310,000,000. Given the increasing age of Farmers \/ Landowners this relief can materially reduce the impact of taxation, … Continue reading