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Startups boost HMRC's capital gains by £12bn

Mar 04, 2019 - City A.M.

BRITISH entrepreneurs made over £108bn from selling their businesses in the past five years as UK entrepreneurship thrived, according to research released today by law firm Boodle Hatfield.

The sales generated £12.2bn in capital gains tax over the period, an average of £2.4bn a year. The figures relate to transactions which qualified for reduced taxation as a result of the entrepreneurs' tax relief.

Entrepreneurs' relief allows the seller of a business to pay tax at a reduced rate...