TaxCorporate TaxLegal & General boss urges CGT clarification

Legal & General boss urges CGT clarification

L&G boss bemoans effect of lack of clarity over changes to CGT rules

Legal & General’s chief has urged the government for clarification of CGT
rules in relation to investment bonds.

Chief executive Tim Breedon said CGT changes and economic uncertainty had led
to a ‘lower propensity to put money into long-term savings vehicles’,
reported
the FT
.

Better news for Legal
& General
was its announcement that it had struck a deal to
take on the pensions assets and liabilities of several large businesses.

Weir Group, Electricity Association Services and Queens Moat House Hotel
Group sold off their pension schemes, the market for which Breedon said was
finally opening up.

Further reading:

Tax
Hack: Has Brown cut CGT?

Brown claims Labour has cut
CGT

Giuliani proposes biggest tax cut
in US history

Related Articles

‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

1w Emma Smith, Managing Editor
Should I incorporate my buy-to-let business?

Corporate Tax Should I incorporate my buy-to-let business?

1m Emma Rawson
R&D incentives: How businesses can reap the rewards of innovation

Corporate Tax R&D incentives: How businesses can reap the rewards of innovation

2m Sam Swansborough
Q&A with the Financial Secretary to the Treasury

Corporate Tax Q&A with the Financial Secretary to the Treasury

3m Emma Smith, Managing Editor
Guide to the UK corporate tax system

Corporate Tax Guide to the UK corporate tax system

3m Emma Smith, Managing Editor
OTS report: Corporation tax should follow accounts

Corporate Tax OTS report: Corporation tax should follow accounts

2m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

2m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

3m Emma Smith, Managing Editor