BUDGET 2016: Door open ‘a crack’ for entrepreneurs

Budget 2016 has been labelled a missed opportunity for the Government to support entrepreneurs despite general approval for specific changes on capital gains tax (CGT).

A revised CGT relief will come into effect from the beginning of next year which will see a 20% rate apply to the disposal of business assets up to a limit of €1m.

Chambers Ireland heralded it as a budget that finally delivered a tangible recognition that entrepreneurs and small businesses are the drivers of economic growth.