“Founders’ Relief" among string of measures introduced in Budget to encourage founders
The UK chancellor introduced multiple initiatives designed to support UK entrepreneurs and startups, including a new 'Founders' Relief' that provides capital gains tax relief for founders and early investors. Additional measures include raising the trading allowance from £1,000 to £3,000 for new ventures, promoting female founder support, and implementing visa reforms to attract global talent. UK startup community praised these as the boldest government backing for entrepreneurs in years.
Key points
- New 'Founders' Relief' provides CGT relief for founders and early investors
- Trading allowance raised from £1,000 to £3,000 for new ventures
- Visa reforms and support for female founders included in budget
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