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Calculator illustrates effect of CGT change

Hargreaves Lansdown has introduced a new online capital gains tax calculator ahead of forthcoming reforms.

The calculator is designed to show clients how they will be affected by the changes from April 6. The company is also publishing a free tax savings guide.

From April 6, CGT will change to a flat rate of 18 per cent while indexation and taper relief are abolished.

Head of financial practitioners Danny Cox says: “The changes to CGT will mean that some investors will be better off cashing in now whereas others should wait until the new tax year. The CGT calculator will help investors to make their own decisions.

“The change to CGT has been launched as part of a long-term simplification of the tax system and to increase tax revenue on the profits made in private equity investing. For normal investments in shares, unit trusts or buy to let, the move is generally negative for basic-rate taxpayers and positive for higher-rate taxpayers.”


Lexicon to advise on 2010 flotation plans

Positive Solutions has appointed corporate finance adviser Lexicon Partners to help with its stockmarket flotation which is planned for 2010.A spokesman says the appointment is a “signal of intent” that it is serious about its target date to float the company.Chief executive Jim Reeve stressed that any move toward flotation will depend on market conditions […]

Nationwide won’t copy HSBC’s rate match deal

Nationwide claims HSBC’s rate matcher guarantee is a gimmick and says it has no plans to copy the scheme.Rate matcher guarantees to match the fixed rates of existing borrowers coming off two, three and five-year deals for a variable fee.But Nationwide non-retail executive director Matthew Wyles says the society already gets high levels of retention […]

Give us a break

Corporate IFAs could have something very exciting to talk to smaller employers about if early discussions between the Association of British Insurers and the Government on tax relief for small and medium-sized firms that buy health and well-being products bear fruit.

Investment clock economic update

In the latest Investment Clock economic update, Ian Kernohan, Senior Economist at Royal London Asset Management, discusses the implications of the US Federal Reserve’s recent hike in interest rates and upcoming French presidential election. The value of investments and the income from them is not guaranteed and may go down as well as up and […]


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