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A year of two halves

06 July 2010 / Mike Truman
Issue: 4262 / Categories: Comment & Analysis , Budget 2010 , Osborne , Capital Gains
MIKE TRUMAN is not impressed with the change in CGT rates half way through the year

KEY POINTS

  • No obvious financial reason for changing CGT half way through year.
  • Revised TCGA 1992 s 169R hits EIS and loan notes.
  • Complex method of calculation in Finance Bill 2010 Sch 1.
  • Will HMRC be able to complete IT changes in time?

You will notice as you go through this week’s issue that we have a World Cup theme running through it given that the final is this weekend. Tiny figure tears the June sheet off a calendar

Admittedly this idea would have worked a lot better (at least south of Hadrian’s Wall and east of Offa’s Dyke) had England still been in contention but as always they flattered only to deceive.

Those with...

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