News & press releases
Chancellor announces changes to CGT proposals
1 February 2008
In last years pre-Budget report, Alastair Darling, the Chancellor of the Exchequer announced plans to radically overhaul the Capital Gains Tax ("CGT") system. Over many years, Chancellors (including Gordon Brown) have amended the CGT reliefs and allowances with incessant regularity. It is fair to say that taken as a whole these changes had produced a very complicated and cumbersome tax regime.