Chancellor urged to abolish CGT for small investors

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...