Grant Thornton: concessions on CGT unlikely
Grant Thornton says UK govt will exceed its borrowing target by ?6bn, making any concessions on CGT reform unlikely
Maurice Fitzpatrick, a Grant Thornton tax expert told Thompson Financial,
this meant any changes to the capital gains tax (CGT) reform would be minimal.
‘It is inconceivable that it would wish to increase public borrowing
forecasts, therefore it is expected that additional revenue will have to come
the the tax system,’ Fitzpatrick said.
He said proposals on non-domicile tax which will be released next year would
also be revenue raising initiatives.
Gordon Brown defends CGT decisions