Posted in Daily £££ Chatter |
Just in case you missed the changes to Capital Gains Tax (CGT), here they are: The most widely anticipated change was an increase to the rate of CGT, which could have resulted in a maximum CGT rate of 40% or possibly 50%. To the relief of many, this change did not materialise, the Chancellor instead opting for a 10% increase…
Posted in Money Box Monday |
Chancellor George Osborne is due to announce a number of concessions in the planned capital gains tax (CGT) rise, including exemption for over-65s, according to The Sunday Telegraph. The government has come under fire over its plans to raise CGT from the flat rate of 18% to ‘close to’ income tax rates. Conservative MP John Redwood has led the charge against the increase and has been…
Posted in Daily £££ Chatter |
Some more information is emerging on the future of capital gains tax The formal Conservative/Liberal Democrat Coalition Agreement says: ‘We further agree to seek a detailed agreement on taxing non-business capital gains at rates similar or close to those applied to income, with generous exemptions for entrepreneurial business activities’. This wording suggested that CGT rates could be as high as…
Posted in Daily £££ Chatter |
BUDGET 2010 Will the capital gains tax rate be raised in next week’s Budget? The Financial Times reported yesterday that investors are rushing to sell shares and property ahead of next week’s budget, in the belief that there will be a hike in capital gains tax announced at the dispatch box. However, as the FT points out, the Chancellor is thought…
