Savvy advisers have already been preparing for the hike in capital gains tax (CGT) - confirmed by the Government yesterday - recent research suggests.
A snap survey conducted by 1st - The Exchange between 13-17 May polling 204 IFAs found 60% have already made plans to move clients away from assets attracting CGT. Yesterday, the Cameron-led coalition announced plans to raise CGT for non-business assets at rates "similar or close" to those applied to income. That would mean a hike from the current rate of 18% to 40% or 50%. The survey also suggests advisers are confident the Government will make headway into reducing the country's mountain of debt, with 79% thinking Cameron's coalition will successfully tackle the budget deficit. W...
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