Chancellor Darling has announced major changes to Capital Gain Reform by introducing a new entrepreneur’s relief, a new lower tax rate (10%) on entrepreneur's gains, and a new £1 million lifetime allowance for gains made by entrepreneurs.

It has been stated that chancellor has introduced a £1 million lifetime allowance in respect in respect of any

chargeable gains which forms the basis of a new CGT entrepreneur’s relief.  Gains which exceed the annual CGT exemption and do not exceed the lifetime allowance will be taxed at 10%. Any gains in excess will be taxed at the mainstream CGT rate of 18%.

The relief will apply to entrepreneurs who dispose of all or part of a trading business, trading partnership, or trading company providing that they are a director or employee and hold a stake of at least 5% in the business.

If you would like to find out more, please contact Janice@a4gsolutions.co.uk or alternatively speak to your client manager.

Today’s news highlights the ever growing concerns of investment markets. Whether you have investment or pension funds, you may be concerned about the reports of global melt-down, as reported in the press and on TV.

The troubles in the Global Equity markets appear to have stemmed from the fears of recession in America which, as ever, has a knock-on effect around the world.

The question that remains though is, “How low can Equity markets go?” Clearly, no-one really knows the answer to this, but many suggest that this “correction” has now under-valued stocks again.

If you would like to discuss the future prospects of your investment, please contact Malcolm@a4gsolutions.co.uk.

Don't forget to watch "Dancing on Ice" this Sunday evening. Pick up the phone and vote for Steve and Suzie to keep them in the competition. They need your vote!!

"Don't be afraid to take a big step if one is indicated.  You can't cross a chasm in two small jumps."

David Lloyd George