CGT

Capital Gains Tax Rise will Deter Small-business Investment

Financiers may be deterred from investing in small firms if the Government increases Capital Gains Tax (CGT) on non-business assets as expected in the emergency Budget on 22 June, the Institute of Directors (IoD) has warned. The coalition Government has already outlined plans to increase CGT on non-business assets from 18% to 40 or 50%. This would increase the levy on the profit individuals make when they sell second homes or other assets. It would also raise the tax rate on shares and securities, which represent a large proportion of business investment. According to the IoD, reintroducing taper relief would give an incentive to invest in businesses over the long term. “Investors such as business angels may be deterred by the expected rise in CGT, and unless you introduce a scheme l... »

Finally, Darling, a Capital Gains Tax Decision

At last, Alistair Darling makes up his mind on Capital Gains Tax. »