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