Financial Times FT.com

Asset holders rush to beat deadline on capital gains

By Steve Lodge

Published: March 14 2008 15:41 | Last updated: March 14 2008 15:41

Alastair Darling this week sparked a final rush to beat the April 5 deadline before the new capital gains tax regime takes effect, having confirmed in his Budget that there would no further concessions.

The £1m entrepreneurs’ relief designed to placate small business owners will be made available, the chancellor said, but otherwise the much-criticised switch to a flat 18 per cent rate on all capital gains will be implemented from next month.

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