02.11.07 13:23 Age: 13 yrs

Budget 2011

 

Good news for entrepreneurs and investors from the budget, which means there's never been a better time to invest and grow a small business:
1. Entrepreneurs tax relief: The tax rate on disposal of shares in your business is only 10% for a lifetime total up to £10m (previously £5m)
2. Enterprise Investment Scheme: Upfront income tax relief is now 30% (previously 20%) on amounts up to £500k rising to £1m April 2012
3. R & D Tax relief: Rises to 200% from April 2011 and 225% from April 2012
Good luck