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

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

From April 2012, anyone investing up to Β£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.

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.

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

  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!

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