Mon, 05 Jul 2010 | BUSINESS NEWS
Last weeks' emergency budget had some welcome news for entrepreneurs. The threshold at which capital gains tax is charged at 10 per cent on the sale of business assets was increased from £2m to £5m. This tax threshold is known as entrepreneurs' relief and is a lifetime allowance aimed at investors in, and owners of, small businesses who wish to retire or exit.
This is particularly beneficial to business owners looking to sell their businesses in the £2m to £5m range. However, due to the increase in the top rate of capital gains tax rate to 28 per cent, anyone selling their business for more than £7.41m will be worse off.
This well-established business in Suffolk is renowned for providing bespoke hydraulic, electric, and mechanical systems across various industries, with end-to-end solutions and a strong reputation for quality and reliability.
This well-established Buckinghamshire-based wholesale catering supplier offers a diverse range of fresh produce, dairy, and catering essentials to sectors such as hospitality and healthcare.
This well-established Essex-based business offers a comprehensive suite of bespoke luxury furniture services, from design to installation, catering primarily to private clients and developers.
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East Midlands furniture manufacturer ceases trading | ADMINISTRATION
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Yorkshire law company Ison Harrison merges with Skipton firm | MERGER
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£37m-turnover pet food firm falls into administration | ADMINISTRATION
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Government reverse-turns on small business filing requirement rules | BUSINESS NEWS
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Knights Pharmacy acquires new sites in HSBC-backed deal | BUSINESS SALE
West Midlands-based pharmacy group Knights Pharmacy has furt...
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£37m-turnover pet food firm falls into administration | ADMINISTRATION
Kennelpak Limited, a private equity-backed pet products comp...
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