The damaging impact of the Chancellor's CGT proposals

Initially, the headline grabber was the inheritance tax changes but as time as gone on it is becoming increasingly apparent that the more wide reaching impact is going to come from the CGT proposals. Much has been made of the issues surrounding Insurance Company Bonds, which do seem to have a bleak future, outside Trusts, if the proposals go through. But, there could be an even more serious effect on the very foundation of balanced financial advice. With the abolition of taper relief, and the previous abolition of indexation allowance, clients will become increasingly “short term” in ...