So is this the day that Young George Osborne came of age? It could well be.
Having almost disappeared from the campaign trail in the last weeks of the General Election, he has kept his head down since the coalition came to office and clearly he has been pouring over his books - or more accurately the nation's books.
He's come up with an intelligent budget - and it's been a long time since we had one of those and there must surely been a huge sigh of relief on his CGT measures.
Yes raising the rate from 18 to 28% is hardly a reason to rejoice but much of the effect of this increase is offset by an increase in the threshold from £2m to £5m.
The old threshold was another example of how Labour was always Old Labour and never New Labour, because what was the point of slogging your guts out to build a business over a number of years to then be taxed heavily for anything over £2m.
No wonder many people thought investing in property was easier than starting businesses because it was easier and quicker to make £2m out of residential houses than it was creating a company from scratch.
And if you used the same tax wheeze those flipping MPs used on their second homes you could pay no CGT at all of your multi-million pounds property investment.
So for advisers running their own business and many of their clients it should be good news.
As the IMA quite rightly pointed out for unit trust investors there is no major difference and thankfully Young George did nothing to the annual CGT allowance for ordinary investors leaving it at £10,100 ironically a hundred quid less than the current ISA limit of £10,200.
All in all I'd said Young George came of age and with a CGT regime designed to be fair to entrepreneurs he's come of age.
And let's hope his right about England beating Slovenia tomorrow. Actually I'd be happier if he stuck to CGT and not football punditry.!
FCA checked files
Properties do not exist
Follows active fee cuts in June