Capital gains taxU.K.
4Increase in entrepreneurs' reliefU.K.
(1)In section 169N(3) of TCGA 1992 (limit on entrepreneurs' relief)—
(a)for “£1 million” (in both places) substitute “ £2 million ”, and
(b)in paragraph (b), after “total of” insert “ so much of ” and insert at the end “ as was subject to reduction under subsection (2) ”.
(2)The amendments made by subsection (1) have effect in relation to qualifying business disposals occurring on or after 6 April 2010.