Change Likely To Spur Flood of Asset Sales
(FinancialTimes.com) — Private investors are expected to start selling shares and second homes in the coming days to escape an increase in capital gains tax that could come as early as next month. Tax advisers said the rise for non-business assets from 18 per cent to rates “similar or close to those applied to income”, as signalled by the Con-Lib coalition on Wednesday, was likely to be introduced at the start of the next tax year.
