Capital Gains Tax

Treasury written question – answered on 3rd June 2010.

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Photo of Michael Fallon Michael Fallon Conservative, Sevenoaks

To ask the Chancellor of the Exchequer if he will make it his policy to ensure that any changes to capital gains tax do not discourage employee share ownership; and if he will make a statement.

Photo of Justine Greening Justine Greening The Economic Secretary to the Treasury

We are seeking ways of taxing non-business capital gains at rates similar or close to those applied to income, with generous exemptions for entrepreneurial business activities. Further details will be provided at Budget.

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