Capital gains tax reprieve cheers investors amid budget gloom

The UK chancellor's budget briefcase

Investors can breathe a sigh of relief as the UK budget announced on 22 June revealed that capital gains tax (CGT) will only rise for higher-rate taxpayers - those earning more than £43,875 ($65,734) a year. The 10% increase to 28% is relatively good news for investors, given rumours that CGT would be brought into line with higher income tax rates of 40% and 50%.

Those that have been opting for some form of growth-based structured product will therefore be largely unaffected. "The financial

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