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Article: Enterprise surprises Changes to capital gains tax means enterprise schemes are more attractive, says Stephen Spurdon. But make sure you take advice
- Article from:
- The Sunday Telegraph London
- Article date:
- March 30, 2008
- Author:
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Copyright informationCopyright 2008 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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A tax break that means capital gains may be taxed at 18 per cent
rather than 40 per cent is bound to be tempting, which is why
Enterprise Investment Schemes (EIS) have attracted the attention of
investors.
Changes to the capital gains tax (CGT) in the Budget, mean
investors with capital gains are being offered a chance of making a
substantial reduction in their tax liability.
Gains arising on disposals of any assets can be deferred against
subscriptions for shares in any qualifying EIS company, tax on those
gains becoming payable on disposal of the EIS shares. With an annual
subscription limit on EIS investment of pounds 400,000 (rising to
pounds 500,000 on April 6) this should take in ...
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Article: Chancellor performs U-turn on capital gains tax
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January 24, 2008 ;
700+ words
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