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BUDGET 2010: No increase to CGT, confirms Darling

Chancellor Alistair Darling has confirmed the Government will not be increasing the main rate of capital gains tax.

The investment industry were concerned the Government would hike the 18 per cent CGT rate to narrow the gap with the 50 per cent top rate of income tax.

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Chancellor Alistair Darling’s decision to cut business rates and double the annual investment allowance for small firms has been welcomed by industry experts. In the Budget, Darling ann-ounced that business rates will be reduced for one year starting in October and the annual business investment allowance will be increased from £50,000 to £100,000. Darling said […]

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There is one comment at the moment, we would love to hear your opinion too.

  1. Richard Lockhart 24th March 2010 at 3:55 pm

    Simply a stay of Execution. The problem is
    1) the election
    2) He doesn’t like to backtrack on his changes of 2008 so soon

    Anyway – EIS remains a great each way bet particularly for the new 50% tax payers . I wonder if you can work out why. CGt is not in the equation

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