Over 65s could be exempt from CGT rise - papers

George Osborne is preparing to unveil a range of key-opt outs to CGT rises, including for Britons approaching retirement, as opposition grows against a blanket tax hike.

The Chancellor is believed to be looking at a range of exemptions for both entrepreneurs as well as the over-65s, according to the Daily Telegraph. A source close to Mr Osborne told the paper there would be "generous exemptions". Taper relief on long term assets is also being considered; a proposal favoured by the Tories but not by senior Liberal Democrats. Pressure is growing on the Treasury to provide exemptions to a hike on non-business assets from the current 18%. A group of Tory MPs met the new Chancellor last week to demand he does not impose a rate of more than 25% on any...