Budget 2010: Bamford on the 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...