PoliticsIMPORTANT
UK Chancellor Healey is reportedly rejecting calls to equalise capital gains tax and income tax rates, FT reports citing sources; Treasury could still decide to raise CGT by a small amount
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The report says equalising CGT and income-tax rates is reportedly being rejected, a small CGT increase remains possible, and the Treasury is working on entrepreneur reinvestment relief.
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Treasury is working on CGT relief to encourage entrepreneurs who sell their business to reinvest back in the UK.
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