• At-a-glance
• Administration Of Tax
• Personal Taxation
• Employment Taxation
• Business Tax
• Capital Allowances
• Corporation Tax
• Capital Gains Tax
• Inheritance
• Savings and Investments
  
• Pensions
  
• Charities
  
• Anti-Avoidance
  
• Stamp Taxes
• Value Added Tax
• Excise Duties
• Miscellaneous

CAPITAL GAINS

Increase in Lifetime Limit for Entrepreneurs’ Relief

The lifetime limit on gains qualifying for capital gains tax entrepreneurs’ relief will be increased from £5m to £10m for qualifying disposals on or after 6 April 2011.

Rollover Relief and the Single Payment Scheme

Legislation is to be introduced to restore the availability of capital gains tax rollover relief for payment entitlements under the EU single payment scheme. The current legislation has become ineffective following the replacement of the relevant EU Directive in January 2009.