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Capital Gains Tax

Volume 476: debated on Thursday 22 May 2008

To ask the Chancellor of the Exchequer if he will estimate the cost to the Exchequer of exempting from capital gains tax business owners who sell their businesses upon retirement up to the value of (a) £100,000, (b) £200,000, (c) £300,000, (d) £400,000, (e) £500,000 and (f) £1,000,000 in 2008-09. (206395)

Due to the specific nature of how this relief would interact with the capital gain tax entrepreneurs' relief it is not possible to provide these estimates.