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Capital Gains Tax; where is the tipping point for Entrepreneurs?
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Capital Gains Tax; where is the tipping point for Entrepreneurs?
My heart sank when I read that the prospective new leaders of the Labour Party are all mooting changes to Capital Gains Tax including, most radically, the equalisation of CGT with income tax rates. As a Corporate Finance (not tax!) adviser, uncertainty around the CGT regime is a source of periodic upheaval and client anxiety. Prior to 1998 CGT was, in broad terms, paid at an individual’s income tax rate, with indexation and retirement relief (in…
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