News

Pre-Budget Report predictions

"CHANCELLOR Alistair Darling is set to target national insurance and inheritance tax in next month's Pre-Budget Report as he looks to plug gaping holes in the public purse, experts have predicted.

"An increase in the rate of capital gains tax (CGT) is the most widely predicted measure ahead of the 9 December report. Many experts anticipate an increase in CGT to 25 or 30 per cent, bringing it closer to the income tax rate, which will rise to 50 per cent for high earners in April."

To read the rest of this article by Jeff Salway in The Scotsman, click here.