Capital gains tax, stamp duty and complex pension and ISA rules are the scourge of the UK's inv...
Capital gains tax, stamp duty and complex pension and ISA rules are the scourge of the UK's investors and could be simplified in next week's Budget at minimal cost to the Exchequer, said APCIMS Chief Executive Angela Knight.
APCIMS' Budget submission asks for an end to Capital Gains Tax for the smaller investor.
The submission also calls for a removal of stamp duty on the shares of AIM and OFEX quoted companies.
Other demands are for an end of the requirement for pensioners to buy an annuity with their pension funds and also the creation of a special £30,000 "retirement ISA" which would allow pensioners to invest their lump sum tax efficiently.
APCIMS chief Executive Angela Knight said: "Although we are told this is to be a tax increasing. Budget for the NHS, it is still vital for people to be helped to help themselves. These four measures cost little but would have a substantial effect on saving and on the fortunes of the UK's smaller quoted companies."
A copy of the full APCIMS Budget Submission, Underpinning Enterprise, is available at - www.apcims.co.uk
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