The Finance Act 2008 introduced a significant reform of capital gains tax. Entrepreneurs’ relief was introduced which allows up to £10 million of gains on qualifying business disposals to be taxed at an effective rate of 10%. This provides significant planning opportunities for owners seeking retirement or grooming their businesses for sale.
Please contact us and ask for additional information on retirement or on any of the following topics:
- Could your business survive without you?
- Financial planning in an economic downturn
- Pension schemes, contributions and tax relief
- Are you still on track for retirement?