Policy paper

Change to the Entrepreneurs' Relief lifetime limit for Capital Gains Tax

This measure introduces a reduction in the Entrepreneurs' Relief lifetime limit.

From:
HM Revenue & Customs
Published
11 March 2020

Documents

Capital Gains Tax Entrepreneurs鈥� Relief - reduction in the lifetime limit

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Details

The Entrepreneurs鈥� Relief lifetime limit is reduced from 拢10 million to 拢1 million. This will apply to qualifying disposals made on or after 11 March 2020 and to certain disposals made before 11 March 2020.

Since Budget Day, this measure has been revised to:

  • include an additional anti-forestalling rule
  • rename the relief 鈥楤usiness Asset Disposal Relief鈥� for tax years 2020-21 onwards

The revised legislation is included in the Finance Bill published on 19 March 2020.

Further details on the anti-forestalling rules can be found in the technical note for this measure.

Updates to this page

Published 11 March 2020

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