Holden Associates – Accountants & Business Advisers Blog

I recently made a posting concerning the changes to the capital gains tax regime, and the pressure being brought to bear on the new Chancellor by business leaders.

Well, it would appear we are witnessing a very weak performance from the new Chancellor who after (in my opinion) rushed out a very poorly considered change to the Capital Gains Tax system and who is now considering re-introducing retirement relief.

None of this helps, it creates more uncertainty in the tax system here in the UK, which does not help business.

How is UK business supposed to plan when we have a Chancellor who obviously doesn’t have the first idea about what he is doing?

For those small business/entrepreneurs affected by the changes, or those who think they may be, hang tight, lets see if these reports in the Times online are founded.

Once we have a definitive response from the Chancellor regarding this report then is the time to take tax planning advice.