BusinessCompany NewsAlmanza leads CGT share sale mania

Almanza leads CGT share sale mania

Hundred Group boss heads group of 53 directors who have sold shares ahead of CGT deadline

Ashley Almanza, the CFO of BG Group and the head of the Hundred Group, is one
of 53 executives who have sold or transferred shares in the last six weeks ahead
of the CGT deadline.

According to City A.M. the executives were spread across 53
companies and have been selling of shares in order to avoid the new rate of
capital gains tax, which rises from 10% to 18% from 6 April.

Some executives have not sold shares, but passed them on to spouses or into
trusts to avoid the increased tax charge.

London Stock Exchange boss Clara Furse, Qinetiq chairman Sir John Chisholm
and Almanza’s BG Group chief executive Frank Chapman are just some of the big
names that have either transferred or sold shares.

Further reading:

Lord Sainsbury manoeuvre saves £27m in
CGT

LSE chief sells ahead of CGT change

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