SFA wants new 10 per cent capital gains tax rate

Group says change would encourage investment in companies

22nd August, 2016
AJ Noonan, chairman of the Small Firms Association

The Small Firms Association has called for a new 10 per cent capital gains tax rate for entrepreneurs in order to encourage business owners who sell their businesses to invest in another company.

In its pre-Budget submission, the group's chairman AJ Noonan said this rate should apply to all businesses so that its impact could be felt immediately.

"Practice over the last 20 years has shown that when the CGT rate drops, the Exchequer benefits due...

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