Cutting CGT will be seen as another wealthy tax break

Michelle McGagh
Capital gains tax
Capital gains tax

If you had the choice about what taxes you paid, the chances are that you'd pay as few taxes as you possibly could, and ideally none.

Unfortunately, we're not going to get away with paying less tax any time soon and in most cases we'll end up paying more as the government tries to dig us out of the recession. However, despite the need of the coalition to boost revenue there have been calls for capital gains tax (CGT) to be abolished.