Legal & 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

Watch out when winding up

Corporate Tax Watch out when winding up

2m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

2m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

4m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

5m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

5m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

8m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

8m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

9m Alia Shoaib, Reporter