Brokers told to speed up possible sales ahead of CGT reform deadline

Brokers considering selling up after April 2008 could be hard hit by the new capital gains tax (CGT) reform in Chancellor Alistair Darling's first Pre-budget Report.

The reform has come as a surprise to many in the industry, with the legislation setting out a new single rate of charge to CGT at 18%.

Several changes will also be enacted for disposals made on, or after, 6 April 2008, including the withdrawal of taper relief and indexation allowance and a simplification of the share identification

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