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	<title>Business for Sale Blog - News and views on buying and selling businesses &#187; Tax Issues</title>
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	<description>Business Sale Report</description>
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		<title>UK Business and Capital Gains Tax</title>
		<link>http://www.business-sale.com/blog/tax-issues/1165/uk-business-and-capital-gains-tax</link>
		<comments>http://www.business-sale.com/blog/tax-issues/1165/uk-business-and-capital-gains-tax#comments</comments>
		<pubDate>Thu, 13 May 2010 09:09:56 +0000</pubDate>
		<dc:creator>Chris St Cartmail</dc:creator>
				<category><![CDATA[Tax Issues]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[<img src="http://images.newsvend.info/128307-165250-large.jpg">With capital gains tax rates expected to be raised significantly within weeks, the question many business owners have is &#34;what impact will this have on the selling of my business?&#34;

The statements so far put out by the coalition government on the proposed rise in CGT have not been terribly clear, though it is safe to say we can expect that the rate for non-business assets will move towards&#8230; <div class="addthis_toolbox addthis_default_style " addthis:url='http://www.business-sale.com/blog/tax-issues/1165/uk-business-and-capital-gains-tax' addthis:title='UK Business and Capital Gains Tax '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_counter addthis_pill_style"></a></div>


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		<item>
		<title>Entrepreneur&#8217;s relief increased to Â£2m</title>
		<link>http://www.business-sale.com/blog/business-news/1082/entrepreneurs-relief-increased-to-2m</link>
		<comments>http://www.business-sale.com/blog/business-news/1082/entrepreneurs-relief-increased-to-2m#comments</comments>
		<pubDate>Wed, 24 Mar 2010 14:19:03 +0000</pubDate>
		<dc:creator>Chris St Cartmail</dc:creator>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[Exit Strategies]]></category>
		<category><![CDATA[Selling a Business]]></category>
		<category><![CDATA[Tax Issues]]></category>

		<guid isPermaLink="false">http://www.business-sale.com/blog/?p=1082</guid>
		<description><![CDATA[Entrepreneur's relief is increased to Â£2m to help business owners who are looking to sell up.<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.business-sale.com/blog/business-news/1082/entrepreneurs-relief-increased-to-2m' addthis:title='Entrepreneur&#8217;s relief increased to Â£2m '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_counter addthis_pill_style"></a></div>


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		<item>
		<title>Football clubs have wind-up orders adjourned</title>
		<link>http://www.business-sale.com/blog/tax-issues/842/football-clubs-have-wind-up-orders-adjourned</link>
		<comments>http://www.business-sale.com/blog/tax-issues/842/football-clubs-have-wind-up-orders-adjourned#comments</comments>
		<pubDate>Wed, 10 Feb 2010 17:10:42 +0000</pubDate>
		<dc:creator>Chris St Cartmail</dc:creator>
				<category><![CDATA[Tax Issues]]></category>

		<guid isPermaLink="false"></guid>
		<description><![CDATA[There&#39;s plenty of talk about Portsmouth today after the High Court adjourned its winding-up order for seven days. 

Her Majesty&#39;s Revenue and Customs (HMRC) revealed the club owes &#163;11.5 million and declared it &#34;insolvent&#34;, but Portsmouth&#39;s representatives claimed they have two firm offers of fresh investment and convinced the court they deserve more time to complete a business sale.

In Wales, meanwhile, all eyes have been on yet another football club&#8230; <div class="addthis_toolbox addthis_default_style " addthis:url='http://www.business-sale.com/blog/tax-issues/842/football-clubs-have-wind-up-orders-adjourned' addthis:title='Football clubs have wind-up orders adjourned '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_counter addthis_pill_style"></a></div>


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		<title>No increase announced in UK capital gains tax</title>
		<link>http://www.business-sale.com/blog/business-news/340/no-increase-announced-in-uk-capital-gains-tax</link>
		<comments>http://www.business-sale.com/blog/business-news/340/no-increase-announced-in-uk-capital-gains-tax#comments</comments>
		<pubDate>Wed, 09 Dec 2009 14:55:15 +0000</pubDate>
		<dc:creator>Chris St Cartmail</dc:creator>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[Selling a Business]]></category>
		<category><![CDATA[Tax Issues]]></category>

		<guid isPermaLink="false">http://www.business-sale.com/blog/?p=340</guid>
		<description><![CDATA[Entrepreneurs considering selling their businesses over the next year are breathing a sigh of relief today as the chancellor, Alistair Darling, held back from lifting capital gains tax rates in todayâ€™s Pre-Budget Report.

Expectations in many quarters were that the chancellor would raise the capital gains tax rate to between 20 â€“ 30 per cent, in a bid to shore up public finances and align the CGT rate more closely with&#8230; <div class="addthis_toolbox addthis_default_style " addthis:url='http://www.business-sale.com/blog/business-news/340/no-increase-announced-in-uk-capital-gains-tax' addthis:title='No increase announced in UK capital gains tax '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_counter addthis_pill_style"></a></div>


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		<title>Family businesses choosing to retain profits</title>
		<link>http://www.business-sale.com/blog/tax-issues/127/family-businesses-choosing-to-retain-profits</link>
		<comments>http://www.business-sale.com/blog/tax-issues/127/family-businesses-choosing-to-retain-profits#comments</comments>
		<pubDate>Thu, 04 Jun 2009 11:39:47 +0000</pubDate>
		<dc:creator>Chris St Cartmail</dc:creator>
				<category><![CDATA[Tax Issues]]></category>
		<category><![CDATA[Trends]]></category>

		<guid isPermaLink="false">http://www.business-sale.com/blog/?p=127</guid>
		<description><![CDATA[One of the possibly unintended consequences of the chancellorâ€™s recent Budget 50% tax rate hike is the encouragement of private and family businesses to keep their profits within the business.  

Although withdrawing money from a company attracts corporation tax at 25%, if that then goes into a personal account it is taxed at 40% to 50% for higher rate tax payers (the 50% rate effective for those earning over&#8230; <div class="addthis_toolbox addthis_default_style " addthis:url='http://www.business-sale.com/blog/tax-issues/127/family-businesses-choosing-to-retain-profits' addthis:title='Family businesses choosing to retain profits '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_counter addthis_pill_style"></a></div>


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		<title>Entrepreneurs&#8217; relief &#8211; the latest concession from Alistair Darling</title>
		<link>http://www.business-sale.com/blog/business-news/20/entrepreneurs-relief-the-latest-concession-from-alistair-darling</link>
		<comments>http://www.business-sale.com/blog/business-news/20/entrepreneurs-relief-the-latest-concession-from-alistair-darling#comments</comments>
		<pubDate>Tue, 01 Apr 2008 16:48:02 +0000</pubDate>
		<dc:creator>Chris St Cartmail</dc:creator>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[Exit Strategies]]></category>
		<category><![CDATA[Selling a Business]]></category>
		<category><![CDATA[Tax Issues]]></category>
		<category><![CDATA[capital gains tax]]></category>
		<category><![CDATA[Entrepreneurs' relief]]></category>
		<category><![CDATA[sale of business assets]]></category>
		<category><![CDATA[sell a business]]></category>

		<guid isPermaLink="false">http://www.business-sale.com/blog/business-news/20/entrepreneurs-relief-the-latest-concession-from-alistair-darling</guid>
		<description><![CDATA[First there was retirement relief, then there was business asset taper relief, and now there is entrepreneurs&#8217; relief. No doubt the next government will try something else! The latest relief has been introduced following the uproar from small business owners who felt that the proposed 18% CGT was an unfair tax levied when they sold [...]<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.business-sale.com/blog/business-news/20/entrepreneurs-relief-the-latest-concession-from-alistair-darling' addthis:title='Entrepreneurs&#8217; relief &#8211; the latest concession from Alistair Darling '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_counter addthis_pill_style"></a></div>


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		<title>CGT Earn-outs Omission</title>
		<link>http://www.business-sale.com/blog/business-news/17/cgt-earn-outs-omission</link>
		<comments>http://www.business-sale.com/blog/business-news/17/cgt-earn-outs-omission#comments</comments>
		<pubDate>Wed, 30 Jan 2008 09:28:24 +0000</pubDate>
		<dc:creator>Chris St Cartmail</dc:creator>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[Tax Issues]]></category>
		<category><![CDATA[capital gains tax]]></category>
		<category><![CDATA[cgt]]></category>
		<category><![CDATA[earn-outs]]></category>

		<guid isPermaLink="false">http://www.business-sale.com/blog/business-news/17/cgt-earn-outs-omission</guid>
		<description><![CDATA[There exists a glaring omission in the new Capital Gains Tax rules - they did not address earn-outs. Thousands of entrepreneurs who sold their businesses in 2005/06 have until 31st January to sort out a CGT tax nightmare for which HMRC issued no guidelines whatsoever.

This affected those people who are receiving part of their payment for their business in shares or loan notes as an earn-out (deferred payment). They had&#8230; <div class="addthis_toolbox addthis_default_style " addthis:url='http://www.business-sale.com/blog/business-news/17/cgt-earn-outs-omission' addthis:title='CGT Earn-outs Omission '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_counter addthis_pill_style"></a></div>


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		<title>CGT &#8211; The Devil is the Detail</title>
		<link>http://www.business-sale.com/blog/business-news/16/cgt-the-devil-is-the-detail</link>
		<comments>http://www.business-sale.com/blog/business-news/16/cgt-the-devil-is-the-detail#comments</comments>
		<pubDate>Fri, 25 Jan 2008 10:59:41 +0000</pubDate>
		<dc:creator>Chris St Cartmail</dc:creator>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[Tax Issues]]></category>
		<category><![CDATA[capital gains tax]]></category>
		<category><![CDATA[cgt]]></category>
		<category><![CDATA[entrepreneurs]]></category>

		<guid isPermaLink="false">http://www.business-sale.com/blog/business-news/16/cgt-the-devil-is-the-detail</guid>
		<description><![CDATA[Well, what a surprise. Several hours after the chancellor announced the changes to the capital gains tax regime yesterday, a few very nasty details emerged. The first startling discovery was that &#8216;entrepreneurs&#8217; relief&#8217; is in fact a misnomer. The 10% CGT rate turned out to be a lifetime allowance, an effective kick in the teeth [...]<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.business-sale.com/blog/business-news/16/cgt-the-devil-is-the-detail' addthis:title='CGT &#8211; The Devil is the Detail '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_counter addthis_pill_style"></a></div>


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		<title>Chancellor announces CGT changes for business owners</title>
		<link>http://www.business-sale.com/blog/business-news/15/chancellor-announces-cgt-changes-for-business-owners</link>
		<comments>http://www.business-sale.com/blog/business-news/15/chancellor-announces-cgt-changes-for-business-owners#comments</comments>
		<pubDate>Thu, 24 Jan 2008 13:28:10 +0000</pubDate>
		<dc:creator>Chris St Cartmail</dc:creator>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[Selling a Business]]></category>
		<category><![CDATA[Tax Issues]]></category>
		<category><![CDATA[]]></category>
		<category><![CDATA[capital gains tax]]></category>
		<category><![CDATA[cgt]]></category>
		<category><![CDATA[entrepreneurs]]></category>
		<category><![CDATA[small business]]></category>

		<guid isPermaLink="false">http://www.business-sale.com/blog/business-news/15/chancellor-announces-cgt-changes-for-business-owners</guid>
		<description><![CDATA[Alistair Darling today issued a major concession to the forthcoming capital gains tax changes due to come into effect on 6th April.

A new 10% Entrepreneur’s Relief is to introduced (similar to the old Retirement Relief), for business owners selling up and making gains of less than a million pounds. Under the CGT plans announced at the end of last year, the existing taper relief would have been replaced with an&#8230; <div class="addthis_toolbox addthis_default_style " addthis:url='http://www.business-sale.com/blog/business-news/15/chancellor-announces-cgt-changes-for-business-owners' addthis:title='Chancellor announces CGT changes for business owners '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_counter addthis_pill_style"></a></div>


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		<title>Capital Gains Tax Decision Delayed</title>
		<link>http://www.business-sale.com/blog/business-news/5/capital-gains-tax-decision-delayed</link>
		<comments>http://www.business-sale.com/blog/business-news/5/capital-gains-tax-decision-delayed#comments</comments>
		<pubDate>Thu, 20 Dec 2007 12:24:37 +0000</pubDate>
		<dc:creator>Chris St Cartmail</dc:creator>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[Tax Issues]]></category>
		<category><![CDATA[business tax]]></category>
		<category><![CDATA[capital gains tax]]></category>

		<guid isPermaLink="false">http://www.business-sale.com/blog/business-news/5/capital-gains-tax-decision-delayed</guid>
		<description><![CDATA[It looks like the Chancellor is going to have a busy New Year with the Northern Rock crisis and problems over the business community’s opposition to the CGT reforms. Continuing uncertainty over the scope of the Capital Gains Tax reforms have been exacerbated by the Treasury’s decision to delay any announcement until the New Year. [...]<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.business-sale.com/blog/business-news/5/capital-gains-tax-decision-delayed' addthis:title='Capital Gains Tax Decision Delayed '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_counter addthis_pill_style"></a></div>


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