[The Wrap] A tax tidbit; time to support CFPs and CLUs

The topic of the week has to be capital gains tax, but it's only getting a small mention in this week's wrap. There will be lots of debate from now until the election. Some of it will be informed; much of it will be hyperbole with emotive language.

We are already seeing this. 

My take is that the TWG proposals will be at the extreme end of the spectrum and over time they will be watered down by the government. Labour has made this an election issue. As no party wants to be a one-term government they will be listening carefully to the electorate and will tailor the final package into something which is more palatable to a wider audience.

If I had to make another prediction, it would be that the ones who have the most to fear are property investors. However, as the large majority of these people are buy-and-hold types, they are probably not overly concerned.