TaxPersonal TaxInvestors seek sales to avoid CGT hike

Investors seek sales to avoid CGT hike

Second homes and shares likely to form part of a sales stampede by investors when CGT rate increases

Second homes and shares could be sold in a bid to avoid a hike in CGT by the
new coalition government.

Increasing the CGT rate for non-business assets close to the top income tax
rate of 50% could see investors make sales before it comes into effect. The new
rate could be introduced next year.

The hike was likely to lead to investors scrambling to make sales, reported
the
FT
.

Advisers told
Accountancy
Age
that the definition of “non-business assets” was still
unclear, although shares and second homes were likely to come under the remit.

Further reading:

Blog:
Save a thought for Gordon

‘Tough
time’ ahead for Osborne

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

4d Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

3w Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

4m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

4m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

5m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

5m Alia Shoaib, Reporter