Coalition plans to raise Capital Gains Tax are not good news for central London property market

The Conservative-Liberal Democrat coalition agreement, released last week, includes plans to “seek a detailed agreement on taxing non-business capital gains at rates similar or close to those applied to income”. The government is yet to confirm when the planned raise in CGT will take place, currently at 18%, and by how much, although the levels suggested are 40-50%, or equivalent to ones marginal income tax rate.
Alex Thompson, Director at Winkworth Notting Hill, explains how people are already staring to think ahead should there be any changes in fiscal policy that may affect them…








