Chartered financial planner Martin Bamford says some clients may have been subjected to "poor advice" if they had been encouraged to realise gains ahead of today's lower-than-forecast CGT hike.
Higher-rate taxpayers will face a 10% hike in the rate at which they pay CGT, Chancellor George Osborne announced today. From midnight tonight, the rate at which the tax is charged will increase from 18% to 28% for higher earners. Here is what Martin Bamford, of Informed Choice, had to say: "The CGT increase is certainly better than expected. We were concerned it might have been back-dated to the start of the tax year, or that taper relief would be re-introduced, but none of those things happened, so it could have been a lot worse. "When we are advising clients, a simple CGT sys...
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