TaxPersonal TaxRaise revenue from CGT, says IoD

Raise revenue from CGT, says IoD

Business group suggests rethink of capital taxes

The Institute of Directors has called for the threshold for
CGT
to be lowered, and for the tax to be simplified, to enable more tax to be
raised.

The proposal, alongside one to
scrap inheritance tax, was
outlined yesterday.

Miles
Templeman
, the director general, said: ‘Inheritance tax is now a tax on the
thrift and financial independence of ordinary working people. It is time for it
to be abolished; with some of the tax benefits offset by changes in capital
gains tax.’

Further Reading:

Read
the IoD report

Death taxes aren’t all
bad

Kill off IHT, Byers says

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