Kevin Reed, Accountancy Age, Thursday 13 May 2010 at 09:35:00

Second homes and shares likely to form part of a sales stampede by investorswhen CGT rate increases

Second homes and shares could be sold in a bid to avoid a hike in CGT by thenew coalition government.

Increasing the CGT rate for non-business assets close to the top income taxrate of 50% could see investors make sales before it comes into effect. The newrate could be introduced next year.

The hike was likely to lead to investors scrambling to make sales, reportedtheFT.

Advisers toldAccountancyAge that the definition of "non-business assets" was stillunclear, although shares and second homes were likely to come under the remit.

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