CGT increase could boost acquisitions
The Chancellor of the Exchequer's proposed increases for capital gains tax to a flat rate of 18% cou...
The Chancellor of the Exchequer's proposed increases for capital gains tax to a flat rate of 18% could spark a broker market selling frenzy, according to a tax expert.
Howard Jones, head of insurance tax services at Mazars, stressed there was no reason to panic as there is no draft legislation yet, adding that the removal of taper relief tax and introduction of a flat rate of 18% for all capital gains by April 2008 could result in brokers that are looking to sell up doing so more quickly.
Jones
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