Entrepreneur’s relief: an exercise in the tax system redistributing wealth upwards

Last summer I wrote this about the so-called Entrepreneur’s Relief that UK capital gains tax provides: Capital gains tax Entrepreneurs Relief does, in essence, reduce the rate of gains tax by those who sell privately owned Companyes. In most situations they pay 10% on their gains rather than 20%. The tax rate is halved. In the […]

source https://thebtrader.com/2020/02/10/entrepreneurs-relief-an-exercise-in-the-tax-system-redistributing-wealth-upwards/?utm_source=rss&utm_medium=rss&utm_campaign=entrepreneurs-relief-an-exercise-in-the-tax-system-redistributing-wealth-upwards