This petition was submitted during the 2010-2015 parliament
Petition Management Buyout Tax Relief
More details
The present UK tax rules for management buy-out transactions can make it very difficult for would-be entrepreneurs to take-over their companies from retiring owners.
Further details of this tax treatment may be found at www.managementbuyoutfunding.co.uk.
This petition proposes that personal loans, mortgages and remortgages taken out in order to fund management buy-outs in which more than 10 UK jobs are likely to be either saved or created should receive enhanced tax treatment from the UK tax authorities.
This petition closed early because of a General Election
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