CGT rise may swell the ranks of business angels

According to the The  Daily Telegraph, more than one million people could soon be dragged into paying capital gains tax.

The article says the rate could rise from 18% to a top rate of 40% or even 50% for those with shares and second homes, although they may retain relief for entrepreneurs. The likelehood is that capital gains tax will push more people into angel investing to avoid any future hike in tax which would be a boost to early-stage businesses.

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