The KBSA has welcomed the announcement by Alistair Darling that the plans to introduce a single rate CGT of 18% and cease taper relief from April 08 have been revised.
“We are delighted that this announcement has been made,” says KBSA Treasurer Phil Gibson, who also runs an In-toto kitchen showroom in Cheam.
“The introduction of the new 10% rate on gains up to £1 million is great news for KBB retailers.
“Small businesses have faced months of uncertainty since the Chancellor first announced changes to CGT last October. Apart from having a direct impact on those entrepreneurs looking to sell we should also benefit from a more positive attitude to investment in small businesses.”
Enquiries: Downing Dunmore PR
Telephone: 01384 878777 Fax: 01384 872104 Email: info@ddpr.biz
The latest kitchen, bedroom, bathroom and home office consumer news direct into your inbox.