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There are still a number of special reliefs and allowances that will encourage taxpayers to organise their tax affairs so that gains are taxed under the capital gains tax rules rather than as income.
There is no indication that George Osborne will make any radical changes to CGT in the March Budget 2012. Here's a quick summary of the main rates and reliefs prior to the 2012 Finance Bill.
For more information contact Nigel Holmes
Disclaimer – Please note: The ideas shared with you in this article are intended to inform rather than advise. Taxpayers’ circumstances do vary and if you feel that tax strategies we have outlined may be beneficial it is important that you contact us before implementation. If you do or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.
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