Finance Act 2010

Capital gains taxE+W+S+N.I.

4Increase in entrepreneurs' reliefE+W+S+N.I.

(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.