Thursday 13 May 2010

Capital Gains Tax Rise Could Swamp The Housing Market As Second Home Owners Look To Sell | Business | Sky News

Sales in second homes and shares could rocket over the coming weeks as investors and property owners look to offload their assets before any rise in capital gains tax in the UK coalition government's first budget.

As part of a radical series of tax reforms planned by the Conservative-Liberal Democrat coalition, capital gains tax is expected to rise for non-business assets from 18% to around 40%, say government sources.

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