The government is set to unveil details of its proposed changes to capital gains tax (CGT), amid reports of concessions after business criticism.
According to the BBC, business leaders still expect ministers to scrap CGT taper relief from 1 April 2008 and set a single 18% rate. However, the government is also tipped to halve the rate to 9% on gains of up to £750,000, to help small firms.
Chancellor Alistair Darling first announced changes to CGT in the 2007 pre-Budget report back in October.
At recent talks with business leaders, ministers were quoted as saying the 10% rate would still go up to 18% this April.
Taper relief currently allows some higher rate taxpayers to pay as little as 10% CGT on profits from the sale of assets in any unlisted company or publicly-listed firm they work for, as long as they have held them for two years. It can also reduce the CGT liability for some basic rate taxpayers to 5%.