Wait and see over Cap­i­tal Gains rise

Yorkshire Post - Property - - PROPERTY -

Mike God­dard, CEO of Belvoir, one of the UK’s largest spe­cial­ist let­tings agen­cies, ad­vises a wai­t­and-see pol­icy for in­vestors who may be wor­ried about Govern­ment plans to raise Cap­i­tal Gains tax (CGT).

“It looks highly likely that CGT is go­ing to in­crease at the emer­gency bud­get, prob­a­bly as a di­rect con­se­quence of the coali­tion govern­ment hav­ing to raise the rev­enue nec­es­sary to pay for an in­crease in the in­come tax thresh­old to £10,000,” says Mike.

“How­ever, I think it will be un­wise to jump to too many con­clu­sions un­til we have seen the finer de­tails of the Govern­ment’s pro­pos­als.”

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