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Possible CGT hike from coalition government

12th May 2010 | back to article listings BACK    print this article PRINT

Stuart Law, Chief Executive of Assetz, comments on the new government’s plan to increase capital gains tax on non-business assets:

“The new coalition government’s proposed Capital Gains Tax increase on non-business assets is likely to have a modestly negative impact on property investment in the UK. Continued stability of the current 18% tax rate is important in driving investor activity and securing a full recovery for the property market. Any exorbitant increase on the tax rate, with current figures suggesting this could reach as high as 50%, will only slow economic growth and hamper the government’s promise to revitalise the economy. Nonetheless we expect investor activity in the housing sector to continue as so few other asset classes offer the security and returns of UK residential property.”


This is a press release by Assetz also available at http://press.assetz.co.uk/articles/5110.html. Alternatively, please see our full press release archive.

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