AIM companies ‘strongly against’ CGT change

Two-thirds of AIM companies oppose changes to the CGT regime.

A survey of 192 AIM companies by
Smith &
Williamson
found that 41% were strongly against a flat 18% tax rate
for CGT, while a further 25% were against the change.

‘It is clear that business owners are furious about the proposed change to
the capital gains tax regime,’ said John Cowie, head of AIM at Smith &
Williamson.

‘Ironically, the government has been fortunate that we are in a bear market
right now and there are few capital gains to be made. This might, otherwise,
have precipitated a sell-off of AIM stocks before April which could have been
disastrous for business owners and investors alike.’

Further reading:

AIM-market at risk from CGT
dithering

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