A ShareSoc News Item written by Cliff Weight, ShareSoc Policy Director.
We have today, 12 Oct 2020, submitted this response to the OTS, CGT-call for Evidence.
Our response is limited to CGT on shares and OEICS (unit trusts).
Our analysis is that:
CGT is complex.
CGT needs to be simplified.
CGT is unfair to individual investors in shares versus collectives.
CGT inhibits effective risk management.
We want to make CGT:
Fairer
Easier to work out
Easier to administer
Easier to collect.
In detail, we have 3 ...