APCIMS urges chancellor to simplify stamp duty, CGT in pre-Budget speech

Lobbying of the Treasury in the run-up to chancellor Gordon Brown's pre-budget speech next month has kicked off at the Association of Private Client Investment Managers and Stockbrokers (APCIMS) with a call to simplify the administration of stamp duty and CGT. Both issues have been central to APCIMS lobbying in recent times, but the timing of such a move has never been better, the association argues. Because of the current bear market for equities, stamp duty revenues will have fallen dramatically, while the large number of smaller investors who register capital gains of £10,0...