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March 2011
- Entrepreneurs’ relief cuts the capital gains tax rate from 28% to 10%.
- To qualify for entrepreneurs’ relief on shares you must (1) be an officer or an employee of a trading company, (2) hold a 5% voting stake and (3) satisfy the conditions (1) and (2) for at least a year before the sale.
- Every individual has an entrepreneurs’ relief lifetime allowance. Budget 2011