Kent Solicitors

A man starts a business making something, builds it over 2+ years creating employment and wealth for many people before selling it. Until April 2008, he pays 10% CGT

A man buys something, perhaps some land, and sells it on almost immediately at a profit. He employs no-one and benefits no-one but himself. Until April 2008, he pays 40% CGT

After April 2008, there is a flat rate of 18% CGT

The first man needs to sell quickly - else face an 80% rise in tax. The second man needs to delay the sale a few months to achieve a 55+% saving

Labels: Capital Gains Tax