Monday, May 17, 2010
The fears of a sell off are rapidly surfacing
Wealth management lawyer Moore Blatch is warning investors not to rush into selling property ahead of the proposed rise in Capital Gains Tax. The government announced plans last week to increase CGT from 18% to 40%. But Moore Blatch says that even with the proposed rise in CGT many investors would be better off holding onto their property, unless they were planning a sale within the next 12 months.