Cut your Income Tax by 50% from April 2012 – Start a New Business 12


As part of the Autumn Statement, the George Osborne annouced:

From April 2012, anyone investing up to £100,000 in a new start-up business will be eligible for income tax relief of 50%. In 2012, any tax on capital gains invested in such businesses will also be waived.

http://www.bbc.co.uk/news/business-15937366

This has to great news for new businesses planned to start up next year as every new business has demand for some level of investment.

steve@bicknells.net

12 comments

  1. Don’t forget that as well as the 50% relief on the way in theer is up to 28% relief from CGT on the way out, there are one or two exculded activites, and a few hoops to jump through, but for 78% tax relief its worth getting advice!

  2. Great post. I used to be checking constantly this weblog and I’m impressed! Very helpful info specifically the closing phase 🙂 I take care of such info a lot. I was seeking this certain information for a very lengthy time. Thank you and good luck.

  3. It is the best time to make some plans for the long run and it’s time to be happy. I have learn this submit and if I may just I want to recommend you some attention-grabbing issues or tips. Perhaps you can write subsequent articles referring to this article. I want to learn even more issues approximately it!

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  5. We’re a bunch of volunteers and starting a brand new scheme in our community. Your website offered us with useful information to paintings on. You have performed an impressive task and our entire group will probably be grateful to you.

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