Opinion  

Capital news for entrepreneurs

Matt Taylor

Following the Autumn Statement, it is good news for entrepreneurs, who can now sell their business without paying any capital gains tax at all.

Someone who gets Entrepreneur’s Relief (10 per cent CGT) and defers the gain into enterprise investment scheme shares will in future benefit from the same 10 per cent rate when selling the EIS.

CGT deferral with EIS is not subject to many of the well-known EIS limits. For example, the amount that can be invested is unlimited, and the investor can control the EIS company. This means the Autumn Budget will not only provide a boost to entrepreneurs, but also to EIS investment as well.

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Matt Taylor,

Managing partner

Rockpool Investments

London