David Jetuah, Accountancy Age, Monday 14 June 2010 at 09:34:00

Daily Telegraph petition shows wall of resistance to government's plans forcapital gains tax

17,000 people have signed a petition asking the government to stop itscapital gains tax hike.

The petition was drawn up by theDailyTelegraph to lobby against the proposed raid on CGT assets such as secondhomes.

The coalition is set to increase CGT from 18% to "closer" to the 40% higherrate of income tax.

Further reading:

Privateequity body calls members to action on CGT rise

Cameronmakes CGT climbdown