Post: Rember it's DOWN to 18% for most gains
Rember it's DOWN to 18% for most gains →
Posted Monday 15th October 2007 15:51 GMT
In UK biz groups bemoan CGT reform
Before the range of capital gains tax was 10% to 40%. Now it's 18% for all cases. There will be a net LOSS of tax to the treasury because of this change IIRC.
Fraser wrote:
> Is it right to tax someone for sitting on their arse and letting money
> just come to them for little, if any work?
I agree. Higher-rate tax payers have just had the tax they pay on their shares cut from 40% to 18%. I think that's disgraceful.
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