Gains sum, lose sum
13 September 2012
Changes to capital gains tax are adding new complications to an already confusing area. Explaining the implications of taper relief
According to the dictionary, "to reform" means to amend or alter for the better and a reform is an amendment of what is defective. In this case, the introduction to the Inland Revenue’s new booklet, Capital Gains Tax Reform: The 1998 Finance Act, could be misleading when it claims that the act "introduced fundamental reforms to the structure of capital gains tax (CGT...