Coll Murchison-MacDonald, partner at Saffery Champness' Inverness office, and a member of its Landed Estates and Rural Business Group, discusses the recommendations for farming and land-based businesses in the latest Office of Tax Simplification (OTS) report on Capital Gains Tax (CGT). The late
Office Of Tax Simplification
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Business leaders in the UK have warned Chancellor Rishi Sunak that he risks demoralising entrepreneurs if he acts upon proposals to reform capital gains tax.
Landlords, small business owners, investors and second-home owners are facing a rise in tax after a review ordered by Chancellor Rishi Sunak. The chancellor is considering proposals by the Office of Tax Simplification (OTS) to reform capital gains tax to help pay for the Covid-19 pandemi