QCA Budget Representation Summary

24th May 2010

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The QCA sent a letter, drafted by the Tax Committee, to the Chancellor prior to the Emergency Budget, outlining some key areas that QCA members would need assistance with.

The QCA sent a letter, drafted by the Tax Committee, to the Chancellor prior to the Emergency Budget, outlining some key areas that QCA members would need assistance with.  The letter cautions against raising Capital Gains Tax hapazardly and argues that there may be room to introduce a taper relief regime similar to that which existed prior to April 2008, in order to attract long-term investment into the small and mid-cap quoted company sector.  It also discusses the need to widen the scope of Venture Capital Schemes, reduce complexity in the tax system and allow for the inclusion of AIM shares in ISAs.

Click here to read the response (pdf)

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