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42% of OMBs would support rise in CGT if it aided economic recovery

According to Tim Woodgates associate at Moore, more businesses are ‘pushing for a rise in CGT over other taxes, as a smaller cohort will be impacted by any increase’

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Some 42% of owner managed businesses (OMBs) would support increases to Capital Gains Tax (CGT) in the March Budget to help the economy recover from lockdown, research from accountancy firm, Moore shows. 

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