'Nasty' CGT rise could scupper investor activity - advisers

Proposals mooted so far could see CGT soar to 50%, the same level as higher rate income tax, up from its current level of 18%. The rise would pay for a cut in income tax for lower paid workers on the first £10,000 of earnings; a key Lib Dem election campaign pledge. But investment advisers say the move could harm the fragile recovery in investor confidence. BestInvest senior investment adviser Adrian Lowcock says: "This will have a significant impact on investors looking for ways to supplement their income in this low interest rate environment and who have used capital gains as a ...