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capital gains tax

January 24, 2008

Bowing to demands from business leaders and investors, Britain’s chancellor of the exchequer, Alistair Darling, has announced concessions to the sweeping reforms that were planned for Capital Gains Tax in the UK.

Bowing to demands from business leaders and investors, Britain's chancellor of the exchequer, Alistair Darling (pictured), has announced concessions to the sweeping reforms that were planned for capital gains tax in the UK.

Billing the climb-down as "entrepreneurs' relief", Darling said the compromise will affect business owners when they sell their business. He said the relief would also be open to employees and company directors who own at least a 5% stake in a qualifying company.

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