Possible (or probable) changes to capital gains tax

Listening to the Andrew Marr show this morning and his interview with new PM, David Cameron, there was a suggestion that the 50 day budget, promised by the Conservatives, might bring with it changes to the capital gains tax (CGT) system. There has been a lot of chatter recently about this with many business owners worried that changes to match capital gains tax rates with income tax rates might penalise business owners. 

Interestingly this morning the PM hinted that a two tier CGT system might be introduced with different rates for business assets and personal assets. The PM said that he wanted to encourage entrepreneurs in the UK and that it would be wrong to penalise business owners who were adding to the UK economy compared to individuals that might make gains on second homes. We may therefore see a return to the good old days with a system like taper relief and business / personal assets!

I guess nothing is decided and as with the election there could be many twists before we find out. We will have to wait and see what actually happens with CGT in six weeks or so when the new budget is announced.