CGT 'reform' will hit extra 90,000 in 2008 - Skandia

The firm says Government figures show 260,000 people paid CGT in 2007 but expect this to jump to 350,000 this year because of the removal of indexation and taper relief. It says this figures offer “clear evidence” that CGT has simply been reformed rather than reduced. Colin Jelley, head of tax and financial planning at Skandia, says: “The CGT reforms brought in by the Budget are aptly named. “They are reforms not reductions; despite the headline rate reduction the Government expects the Exchequer yield from CGT to increase. “Many investors will find that whereas previously they woul...