TaxCorporate TaxBusinesses fear CGT confusion, warns BCC

Businesses fear CGT confusion, warns BCC

British Chambers of Commerce members fear CGT changes could sees non-business and business assets confusion

Changes to capital gains tax could hit British business, the
British
Chambers of Commerce
has warned.

Three-quarters of its members surveyed said they feared a rise in CGT on
non-business assets as they were unsure how they would be distinguished from
business assets.

“We also think this sends out a generally very bad message to potential
investors in Britain that we are a high tax country,” said BCC’s Sam Turvey,
reports the
Daily
Telegraph
.

Further reading:

Oxford
professor backs CGT hike

17,000
sign up to CGT petition

Cameron
makes CGT climbdown

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