Entrepreneurs' Relief
The amount of an individual's capital gains that can qualify for Entrepreneurs' Relief are currently subject to a lifetime limit of £1 million. Gains qualifying for the relief are charged at an effective tax rate of 10% rather than the usual rate of 18%.
The lifetime limit will be doubled to £2 million for disposals on or after 6 April 2010.
Internet link: HMRC Budget note
Lambert Roper & Horsfield Limited | LRH Wealth
Management Limited
Halifax Office: The Old Woolcombers Mill, 12 - 14 Union Street South, Halifax, West
Yorkshire, HX1 2LE.
Wakefield Office: 13 High Street, Horbury, Wakefield, WF4 5AB
T: +44 (0) 1422 360788 F: +44
(0) 1422 380201 E: mail@lrh.co.uk
Lambert Roper & Horsfield Limited is registered to carry on audit work, auditing services and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.
LRH Wealth Management Limited is authorised and regulated
by the Financial Services Authority.
Registered in England - Company Number 06255775
