The Chancellor, Alistair Darling, is consulting with business leaders on refining capital gains tax proposals with an announcement on the final tax structure expected before the Budget in March.
The Treasury has today confirmed the Chancellor is liaising with business groups over how best to implement the simplification of capital gains tax (CGT). A report in today’s Times claimed the Chancellor was considering a £100,000 exemption for small business owners who were looking to sell-up and retire. IFAonline.co.uk has learned Darling is currently working with business groups, including the CBI, to ensure the CGT changes do not stifle enterprise and small businesses. A spokesman for the Treasury says: "As the Chancellor made clear last week to the Treasury Select Committee, a si...
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