ENTREPRENEUR'S RELIEF
14/04/2011
Radical changes to CGT were made with effect from 6 April 2008 in an effort to simplify the rules and to charge to tax at the full rate on hedge fund owners. At the time they were successfully achieving an operational rate of tax of 10% on what were massive profits, engineered to be capital profits, and not income returns.
One result of these changes was Entrepreneur’s Relief (ER) - a not as useful replacement for Business Asset Taper Relief.
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