Capital Gains Tax
Alistair Darling’s Pre-Budget Report (PBR) in October 2007 was his first big parliamentary speech as Chancellor of the Exchequer. In it he announced big changes to Capital Gains Tax (CGT), and his proposals have been much talked about. They have also been heavily lobbied against, with recent success when the Chanellor announced a concession in January 2008. CGT is a tax that no government can resist tinkering with, but the proposed changes are the biggest for several years. As with all big changes to the tax regime, there will be winners and losers.
This briefing looks at what can be done by each group to get the best rate of tax on disposals of property and other businesses, assuming of course that the changes become law as currently proposed.
For further information please contact: Alastair Johnston
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