UK Treasury hands boost to entrepreneurs

UK Chancellor of the Exchequer Alistair Darling today declared a concessionary capital gains tax rate of 10% on realisations of up to £1m (€1.3m) in a boost to entrepreneurs and promised to close “loop holes” around private equity taxation.

Darling defended, in a statement to the House of Commons, revised pre-budget proposals for a blanket 18% capital gains tax rate in the UK. However, he predicted more than 80,000 business owners would benefit from the entrepreneurs’ relief next year.

WSJ Logo
U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to TrumpExternal link

U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to Trump