Petition against CGT Rise
Published / Last Updated on 14/06/2010
by Ashley Clark, Director
According to the Daily Telegraph over 17,000 vicars, teachers and doctors have signed their petition to the Chancellor George Osborne to stop the proposed increase in Capital Gains Tax.
The main protest is that these people have saved throughout their lives so they do not have to rely on the State.
What the British public have to realise is that our country is in a devastating economic state and cuts, whether good or bad, have to be made.
Capital Gains Tax has only recently been reduced to 18% and those people who have saved will have been subject to between 20% and 40% before anyway.
Everyone has an annual gains allowance where no tax is paid and if rates increase then maybe it is time to take advice on the best way to dispose of assets without having to pay tax. Planning is everything.
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