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Capital Gains Tax (Rates)

Part of the debate – in the House of Commons at 6:22 pm on 23rd June 2010.

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Photo of Mary Macleod Mary Macleod Conservative, Brentford and Isleworth 6:22 pm, 23rd June 2010

I agree wholeheartedly with my hon. Friend.

I commend the Government for their plan to increase the tax allowance to £7,475, and I should like to see that go further. Perhaps that level will rise in the next few years. In conclusion, this progressive Budget has set us off on a journey of change. It is well thought out and it gives us a route map for the next five years. I commend the Budget and the courage that it shows in doing what is right for the economy and the country.

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