275/2 CEEFAX1 Fri 3 Feb CEEFAX.TV
CAPITAL GAINS TAX 2/3
Individuals who dispose of all or part
of a trading business or of shares in a
trading company in which they have a
qualifying interest may submit a claim
for entrepreneurs' relief.
This allows qualifying gains, up to a
lifetime limit of £1m, to be taxed at
Gains in excess of the £1m limit are
taxed at 18%.
Source: Ernst & Young LLP (see p271)
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