Making sense of changes

At the time of writing, Mr Darling had just announced a new tax relief for entrepreneurs in response to much lobbying following his Pre-Budget announcements on reforming the capital gains tax (CGT) regime. This is good news but only addresses one area of concern. We will have to see what the Finance Act actually delivers, but let's hope there are no new surprises. However, on the face of it, the Chancellor's Pre-Budget Report (PBR) announcement of simplification of the CGT regime should be welcome news and an excellent opportunity for long-term investments. The new headline rate of 18% fo...