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Comment on plans to increase capital gain tax to 28%

22nd June 2010 | back to article listings BACK    print this article PRINT

Stuart Law, Chief Executive of Assetz, comments on the plans to increase capital gains tax to 28%:

“Osborne’s Capital Gains Tax increase to 28% remains lower than the rates we had three years ago, of up to 40%, before Labour introduced the 18% rate. This move is not likely to have a negative impact on the UK property market as speculative investors are unlikely to sell off their buy to let property once this new tax rate is introduced at midnight tonight. Professional property investors are generally looking at the long-term benefits and see the importance of the regular income rather than short term capital gains.”

-ENDS-

Notes to Editors

About Assetz plc

Assetz plc heads up a group of well-known and successful property investment and development companies, delivering carefully selected UK and overseas property as well as property funds, financial planning, education, finance and after-sales service. Assetz offers expertise and peace of mind whether a buyer is seeking an investment or a residential property.

Assetz: 0845 400 9000 or visit www.assetz.co.uk

For further information please contact:

Suman Hughes or Laura Scarrott, The Wriglesworth Consultancy:

020 7427 1400 s.hughes@wriglesworth.com l.scarrott@wriglesworth.com

Stuart Law, Chief Executive, Assetz plc: stuart.law@assetz.co.uk

Chief Executive’s Blog: http://investors.assetz.co.uk/blog/archives.php


This is a press release by Assetz also available at http://press.assetz.co.uk/articles/5216.html. Alternatively, please see our full press release archive.

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