CGT: Obsorne 'looking to take sting out'

He told the BBC there would be "major exemptions" and the Government did not want to harm entrepreneurs or families. Tory co-treasurer Stanley Fink earlier said a rise would deter entrepreneurs and could lead to an exodus of talent. The government says it wants to raise CGT from 18% to a rate similar to income tax rates. It could mean tax rates for non-business assets such as the profits from second home sales more than double to 40% or 50%. Duncan Smith has said: "First of all, none of the levels have been decided. The chancellor has been clear he is listening to everything and...