Downing Street Says » Capital Gains Tax

» Monday, October 15, 2007

Capital Gains Tax

Asked about Capital Gains Tax and whether the Government had any sympathy with the idea of some kind of exemption or transitional relief for small businesses, the PMS said that the Chancellor had set out his decision on the matter in the Pre-Budget Report last week. It was a major simplification of the Capital Gains Tax regime, but for detailed questions it would probably be best to speak to the Treasury. Asked what the No. 10 view of the subject was, the PMS said that the view was that the Government had done a huge amount to help small businesses and to help the small business sector over the last ten years.

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