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10 Dec 2007
However, according to reports, he is not expected to restore the taper relief system or a lower tax rate on business assets.
According to The Sunday Times Darling Alistair Darling is likely to soften the blow from the changes by introducing new reliefs, including a retirement relief targeting owner-managers wanting to sell up for retirement.
A reinvestment relief has also been considered by the Treasury to make it easier for entrepreneurs to sell assets for investment in another business.
Darling has been under considerable pressure since the pre-Budget report, his first as chancellor, in which he announced that taper relief would be scrapped in April and that CGT on business assets would rise from 10% to 18%.
More stories:
FSB submits broad CGT taper relief scheme
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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