CGT fears linked to Tory rifts and Rolls-Royce share dump

Chancellor George Osborne is believed to be preparing to raise CGT on non-business assets to income tax levels of as much as 50%, while also reducing the tax-free allowance from £10,100 to possibly as low as £2,000 a year. As fears around the expected rise heighten ahead of a 22 June emergency Budget, the chief executive of Rolls-Royce has sold around half of his personal shareholding in the company. John Rose sold 400,000 shares, raising £2.7m, to cut his holding to 397,721 shares, according to a regulatory statement issued by Rolls-Royce on Tuesday. In his first sale for several ...