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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: