Entrepreneurs’ relief is one of the most attractive tax benefits that business founders and owners have available to them, giving a capital gains tax rate on business disposals of just ten per cent – the lowest currently available.
It was famously said that ‘all roads lead to Rome.’ In British politics, all speeches currently lead to the EU Referendum. George Osborne’s Budget speech, delivered on Wednesday March 16th, was no exception.
Commentary on the Chancellor’s Autumn Statement in the accounting community has been focused on just a few key headlines, reflecting the wider acceptance that this was an Autumn Statement of ‘tweaks’ rather than ‘rabbits-out-of-hats’.
A summary of the Autumn Statement 2015, delivered by George Osborne. Read all the pertinent points and things that may impact you.
The Chancellor looked confident and relaxed, as well he might with the support of a Conservative majority behind him. It would, he said, be ‘a Budget for working people, as Britain looks to create a higher wage, lower tax, lower welfare country.’
The Chancellor gave his Election Budget on 18th March. All of the well-trailed measures were included with help for savers, more flexibility with pensions. There was also a shake up of the ISA rules and the introduction of a new ‘Help to Buy’ ISA to help first-time buyers.
A full summary of George Osborne’s 2014 Autumn Statement made on 3rd December 2014.