The CGT silver lining

With no sign in sight of a meaningful U-turn from the Chancellor in respect of his proposed changes to Capital Gains Tax (CGT) there is increasing concern among accountants and financial advisers regarding the potential impact of the proposed 'simplification' on their business and private clients. For a government that has the stated intention of helping business, the changes are odd, to say the least. By removing the taper relief that has for a decade replaced indexation and helped those holding assets for the longer term to combat the effect on inflation on their gains, the Chancellor...