Dermot Callinan

“Had Graham sold the property on or before 22 June 2010 he would have paid CGT on the chargeable gain at 18% (i.e. £15,282). With effect from 23 June 2010 he will suffer CGT on this gain at an effecti…”

“Tom holds shares qualifying for Entrepreneurs Relief which he will be selling at a capital gain of £5m. An increase in the lifetime allowance for Entrepreneurs Relief from £2m to £5m was introduced w…”

“Simon is a higher rate taxpayer and a serial entrepreneur who has already realised capital gains of £2m which qualified for Entrepreneurs Relief. He anticipates realising additional capital gains of …”

“Jim, a higher rate tax payer, holds Save As You Earn (SAYE) share options. He is coming to the end of his five year savings contract. What are the implications for Jim if he exercises his options and…”

“An increase in the lifetime allowance for Entrepreneurs Relief from £2m to £5m was introduced with effect from 23 June 2010.”

“The first £3m of capital gains realised by Simon will be subject to CGT at 10% but the remaining £7m will be taxed at 28% rather than 18%.”

“As David's taxable income and chargeable gains are less than £37,400 he will be no worse off, because the 18% CGT rate remains unchanged for basic rate taxpayers.”