Part 1Charges, rates etc
Capital gains tax
4Increase in entrepreneurs' relief
(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.