The British Dental Association (BDA) has welcomed the recent announcement that the Government has abandoned plans to impose a single eighteen per cent tax rate on all capital gains. The change was outlined in October's pre-Budget report. Instead, Chancellor of the Exchequer Alistair Darling today announced, there will be a ten per cent rate on gains of up to ??1 million pounds.
The BDA and British Medical Association wrote a joint letter to the Chancellor expressing concern about the impact of the original proposals on general medical and dental practitioners.
Susie Sanderson, Chair of the BDA's Executive Board, said:
"We told the Chancellor that the pre-Budget report proposals would have both disadvantaged general dental practitioners who have invested in their practices over many years and threatened to act as a disincentive to a new generation of potential practice owners.
"Today's announcement represents a welcome change of heart and recognises the significant levels of investment in facilities made by dentists in providing dental services."
Notes:
1. For details of today's announcement, visit here.
2. The BDA/BMA joint letter is available to view here.
3. The British Dental Association (BDA) is the professional association for dentists in the UK. It represents over 20,000 dentists working in general practice, in community and hospital settings, in academia and research, and in the armed forces.
4. For further information, please contact the BDA's media team on 020 7563 4145/6.
British Dental Association
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