6 April 2008 Companies Act 2006 - Implementation - Accounts changes 6 April 2008 Companies Act 2006 - Implementation - Secretary changes 1 April 2008 Capital Allowances - Annual Investment Allowances (AIA) 12 March 2008 "Income shifting" legislation delayed 12 March 2008 2008 Budget 24 January 2008 CGT Update 6 December 2007 Income shifting: a consultation on draft legislation
_______________________ News 2007 Archive
Capital gains tax (CGT) reform The Chancellor surprised everyone with major changes to the CGT regime. Legislation will be introduced next year to give effect to a new single rate of charge to CGT at 18%. A number of changes will be made for disposals made on or after 6 April 2008 to simplify the capital gains tax regime, including: the withdrawal of taper relief the withdrawal of indexation allowance simplification of the share identification rules.
