Qualified advisers answering your
Financial Questions
call 0800 092 1245

Chancellor holds off on capital gains tax changes

Chancellor of the Exchequer, Alistair Darling, has revealed that he will not make any decision on capital gains tax changes until the new year.The chancellor stated that he is still taking representations from interested parties on the future of capital gains tax and the way in which it should be reformed, but the revised plans will now not be launched until January.Plans were unveiled earlier this year for the introduction of a flat rate of capital gains tax set at 18 per cent, but the proposal was criticised by business lobby groups, which have made their feelings known to the chancellor.The Conservatives have seized on the delay and shadow chancellor George Osborne described the move as a "humiliation" for Mr Darling.He added that "thousands of small businesses" are being left in the dark about the future of capital gains tax and need to know as soon as possible what the situation will be in future.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details