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APCIMS calls for capital gains tax delay16 January 2008 Leading City Trade Association, APCIMS, has called for the Chancellor to delay capital gains tax changes. APCIMS, The Association of Private Client Investment Managers and Stockbrokers, says the Government is putting firms in an impossible situation in terms of advising clients because the 5th April tax deadline is only 55 working days away. How can we give best advice when the Government has failed to provide the information for advice to be given? In a letter to the Chancellor of the Exchequer, David Bennett,
Chief Executive of APCIMS, also accused the Government of creating
the conditions for a false market in stocks because of their indecision.
"The only sensible and rational decision would be for the Government
to now delay any changes to the beginning of the fiscal year 2009-2010"
Bennett said.
Ends
Notes to the editor: Attached - Copy of APCIMS letter to Alistair Darling APCIMS APCIMS, the Association of Private Client Investment Managers and Stockbrokers, represents the interests of the vast majority of private client stockbrokers and wealth managers in the UK, and through them more than 10 million individual shareholders.
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