Advisers torn over action on CGT rise

In almost equal measure, IFAs say they are advising clients to stay invested (36%) to avoid triggering CGT at the new higher rate, or to take advantage of market gains in spite of the increase (35%). Chancellor George Osborne raised the top rate of CGT from 18% to 28% in his emergency Budget in June. The rise proved more modest than some had feared. However the 1st Exchange poll of 187 advisers suggests nearly a third (29%) of IFAs are advising their clients away from assets attracting CGT in anticipation of further rises. They say they are telling clients to take precautionary ...