The basic rules on capital gains tax: In 2008 the Government changed the rules on capital gains tax such that entrepreneurs only benefit from a limited amount of lower rate taxation.

The so called entrepreneurs relief allows, subject to certain conditions, a one off 10% starting tax up to the first one million pounds of value.

There after a rate of 18% applies.

Hyde House is able to assist you in your tax planning requirements.

For the basic rules click here: www.hmrc.gov.uk/cgt/disposal.htm