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Home / News / BVCA urges members to lobby MPs over planned CGT rise

BVCA urges members to lobby MPs over planned CGT rise

Sat, 19 Jun 2010 | MERGER

The British Venture Capital Association has urged its members to persuade the leaders of their portfolio companies to lobby MPs expressing opposition to planned rises in capital gains tax.

The association has provided a template letter to be sent to MPs prior to the emergency budget on the 22nd of June. The letter argues that an exemption for all business assets from the tax is needed rather than simply maintaining or extending Entrepreneurs’ Relief.

At present, Entrepreneurs' Relief allows for the first £2m of gains from the sale of a business to be taxed at just 10 per cent.


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