CGT shake-up is both threat and opportunity

Capital gains tax changes mooted by the Office of Tax Simplification could make it more difficult for advisers looking to sell their business and leave the market, experts have claimed.

It comes amid growing rumours the tax could find itself the target of a chancellor scrambling to fill a multi-billion pound hole in the public purse following the coronavirus pandemic.

Joshua Lee, senior broker at Gunner & Co, saidat a recent webinar it was widely accepted next year’s Autumn Statement was likely to include tax hikes, especially in relation to CGT.

Read the full story at FTAdviser.