News

George Osbourne has announced an increase of entrepreneurs’ relief for capital gains tax from the first £5m to the first £10m of qualifying gains made over a lifetime, in an effort to make it more attractive for wealth-creators and innovators to set up their own businesses.

Previously the £5m of lifetime gains were taxed at a lower rate of 10%, rather than the main rate of 18%. This threshold will now increase to £10m, enabling entrepreneurs to benefit more from their effort and investment.

What does this mean to you? Previously only the first £5m of proceeds from selling your business was elegible for relief at the 10% tax rate but from April 6th, 2011 this has risen to £10m. This represents a significant tax saving for business sellers but there is no guarantee that the measure will remain indefinitely - ACT NOW TO MAXIMISE YOUR SALE PROCEEDS

In January 2011 Environmental Scientifics Group (ESG),
which is backed by 3i, completed the acquisition of Henley
Water Ltd.

Premier structured, negotiated and closed the deal for
Henley Water within six months.

Congratulations to Paul Harris and Mick Pratt, the owners
of Henley Water.

Premier is moving offices and from June 30th, 2011 our address is:

The Stable Block
Stelfox House
7 Chapel Lane
Letty Green
Hertfordshire
SG14 2PA