TaxCorporate TaxHas Brown cut CGT?

Has Brown cut CGT?

Has Gordon Brown cut CGT in his time in power? He implied yesterday that he had.

On one level, of course he’s right. The rate used to be 40%, and now it’s (going to be) 18%. But it isn’t really as simple as that – the old 40% rate carried with it the inflation allowance that reduced the bill according to indexation relief.

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