Overview

With effect from midnight on 23 June, the capital gains regime changed. A new higher rate of 28% took effect and the lifetime limit for gains attracting entrepreneurs' relief increased to £5 million. A higher rate taxpayer claiming entrepreneurs' relief on £5 million of gain will now be able to achieve a tax saving of £900,000. In this briefing Travers provides an update for management teams.

Click ‘View Briefing’ to read this alerter in full