TaxCorporate TaxGovernment stays firm on CGT plans

Government stays firm on CGT plans

Goverment to continue with plans to cut taper relief on CGT, although there could be a glimmer of light for entrepeneurs

Plans to scrap the 10% CGT rate will go ahead, the Treasury told the
Institute of Directors today.

Despite huge concerns over the effect of planned CGT rule changes outlined by
the government, it has insisted today it will press on with its plans, although
it did indicate it could look to reduce the effect of the move from 18% to 10%
for entrepreneurs, reports the Daily Telegraph.

IoD director general Miles Templeman, said that his meeting with financial
secretary to the Treasury Jane Kennedy and Treasury officials was a ‘big
disappointment’.

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