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There were press reports circulating yesterday of a partial Government U turn on CGT changes, and the possible re-introduction of £100k retirement relief.

In essence on retirement this would exempt the first £100k from taxation, so saving £18,000.

Not much of a consolation for someone who is selling a business for £1m profit, and is now paying £180,000 rather than £100,000.

If its a return to the kind of retirement relief that existed pre taper relief, then expect it to be limited to age 55+ and single bite at the cherry.