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 £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

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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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