Capital
gains Tax Reduction?
Landlords could benefit if the chancellor reduces CGT
With changes in capital gains tax not realising the amounts
expected the
Adam Smith Institute has suggested that the CGT rate may be
reduced in the forthcoming Budget.
The amount earned due to Capital gains Tax
incrementations in previous budgets has not materialised as many
transactions that would have incurred CGT at the higher rate
pre-empted the move.
Reducing the rate of CGT would increase the
number of financial transactions and could therefore encourage the
flow of money through the economy, with the Government taking its
fair share.
There is a large amount of capital held by major
companies in the UK and any effort to get this money back into the
economy should be welcomed.
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