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Capital Gains Tax (CGT) is payable by individuals, trustees and
'personal representatives' (PRs). Companies pay corporation tax on their capital gains.
There are annual tax free allowances (the 'annual exempt amount') for individuals, trustees and PRs. Companies do not have an annual exempt amount.
For individuals net gains are added to
'total taxable income' to determine the appropriate rate of tax. The standard rate applies only to the net gains which, when added to total taxable income do not exceed the
'basic rate band'.
Gains which qualify for
'Entrepreneurs' Relief' or
'Investors' Relief' are charged at 10% for the first £10m of qualifying gains.
A wise man one said...
No person will make a great business who wants to do it all himself.
A goal without a plan is just a wish.
To accept good advice is but to increase one's own ability.
Any sufficiently advanced technology is indistinguishable from magic.
Advice is like snow; the softer it falls, the longer it dwells upon, and the deeper it sinks into the mind.
Whenever you see a successful business, someone once made a courageous decision.