Finance Bill change is an attack on SMEs

Capital gains tax (CGT) retirement relief has long stood as the reward, in tax terms, for the small-to-medium entrepreneur. It allowed disposals of business where proceeds up to €0.75 million were exempt from CGT, and there was no limit on the value of businesses transferred to children. Basic requirements were that a person be over 55 years of age and under 66 years.

Section 30 of the Finance Act 2017 attacks this exemption ...