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Grant Thornton questions tax tapering

Grant Thornton is warning that the Government may be misleading the public over new taper relief rules.


The consultant is questioning whether taper relief rules relating to capital gains tax actually &#39promotes fairness for all&#39 and says that this may not be the case for some business owners contemplating retirement.


Senior tax partner Mike Warburton says: &#34The idea of new rules was to simplify the system but we now have two sets of rules running in parallel.


&#34The Government claim the changes will be tax neutral which in practice means that there will be winners and losers.&#34

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