Investors’ profits are in the cross hairs in the run-up to the election as a number of parties call for higher capital gains tax rates.
But despite rumours that Labour will stage a CGT raid, the Liberal Democrats are the only main party with a manifesto commitment to hike capital gains tax rates, from 10 per cent and 20 per cent now, to 20 per cent, 40 per cent and 45 per cent.
Yet, rather than simply raising capital gains