TITLE

Capital gains tax change likely to have 'substantial' impact

PUB. DATE
October 2007
SOURCE
Farmers Weekly;10/12/2007, Vol. 147 Issue 15, p21
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the changes announced by Great Britain Chancellor Alistair Darling to the capital gains tax system in his first pre-budget report. He said that business asset taper relief on capital gains tax will be removed starting April 6, 2008. A flat rate of 18 percent capital gains tax will apply to both business and other assets. Capital gains tax will continue to be held over on gifts and can be rolled over into qualifying assets like agricultural land.
ACCESSION #
27673648

 

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