I don't like the sound of this. I wonder what the Tories are planning, and for when.
Boris Johnson’s manifesto is designed to win Tories a majority – here’s how – The Sun
Another manifesto commitment is to review entrepreneurs’ relief, with the aim of massively tightening up the criteria for it. This is a tax break that allows people to pay capital gains tax at ten per cent, half the normal rate, if they set up the business they are selling.
Research shows that this policy, introduced by Labour in 2008, hasn’t actually encouraged entrepreneurship and business investment but still cost the Treasury £2.4billion last year.
Half of all capital gains on peoples’ investments since 2012 have qualified for this relief, suggesting the current rules are far too lax.
Also in Telegraph but behind paywall:
Tory plans for tax relief review put Britain's booming start-up sector at risk
Boris Johnson’s manifesto is designed to win Tories a majority – here’s how – The Sun
Another manifesto commitment is to review entrepreneurs’ relief, with the aim of massively tightening up the criteria for it. This is a tax break that allows people to pay capital gains tax at ten per cent, half the normal rate, if they set up the business they are selling.
Research shows that this policy, introduced by Labour in 2008, hasn’t actually encouraged entrepreneurship and business investment but still cost the Treasury £2.4billion last year.
Half of all capital gains on peoples’ investments since 2012 have qualified for this relief, suggesting the current rules are far too lax.
Also in Telegraph but behind paywall:
Tory plans for tax relief review put Britain's booming start-up sector at risk
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