Autumn Statement: CGT exempt amount frozen

The Chancellor made the announcements during his autumn Statement in the House of Commons today. The CGT exempt amount will be frozen at £10,600 for 2012-13. However the government will launch a new enterprise investment scheme, which will also include a capital gains tax holiday for the first 12 months to incentivise investors to part with their cash in new businesses. Ultra wealthy individuals could benefit from other government measures which come with tax breaks attached. The government announced today it will legislate to enable individuals to receive a reduction in their i...