Capital Gains Tax will bite harder next year

Posted on May 1st, by editor in Caring Times. No Comments

Property agents David & Co have warned that it may have gone unnoticed by those planning to sell their care home businesses that the changes to Capital Gains Tax (CGT) announced by the Chancellor on 8th October will seriously affect their tax liability when they come into force in April next year.

The company says anyone planning to sell their care home during 2008, particularly those with a view to retiring, may wish to consider doing so before April 2008 as the amount of CGT they are likely to pay will approximately double after that time.

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