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Tuesday, 9 October 2007

Those CGT changes at a glance

  • Rate of CGT on shares held in small businesses goes from 10% to 18%
  • Rate of CGT on second homes goes from 40% to 18%.

But then Labour MP’s usually have tax payer funded second homes, but own their own small businesses. In fact, Ed Balls (a public schoolboy hiding behind a working class accent) and his wife Yvette Cooper (who curiously has chosen not to take his name), manage to take two separate interest subsidies for the same house on top of their ministerial salaries.

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