Small Business Tax Bill signed – Zero Capital Gain Tax
Still working out the fine print I’m sure… but here’s an excerpt from TaxProfBlog that represents an opportunity for Angel Investors…
Zero Taxes on Capital Gains from Key Small Business Investments: Under the Recovery Act, 75 percent of capital gains on key small business investments this year were excluded from taxes. The Small Business Jobs Act temporarily puts in place for the rest of 2010 a provision called for by the President – elimination of all capital gains taxes on these investments if held for five years. Over one million small businesses are eligible to receive investments this year that, if held for five years or longer, could be completely excluded from any capital gains taxation.
This should open up some small business investment – too bad its for such a short time.
Leave a Comment