Many people of UK are in tension of the rise in Capital Gains Tax which will affect the middle-class not the super-rich. Though the countries like Germany, Belgium, Austria and Switzerland do not charge any Capital Gains Tax (CGT), 30 leading countries of Economic Co-operation and Development Organization charge CGT of 15%. Still they do not charge CGT on assets and investments.
A reduction of CGT tax for the long term assets which benefited people will now going to be changed which will have a bad impression on the new government. The countries have 0% CGT had shown financial growth by adding other taxes which less harmful to common people. People of UK question why such increase (@20%-40%) is needed in CGT in their country.
Some says that the Capital Gains Tax is traditionally accepted by people of UK than the other taxes or as a Central Investment Market of world, this change will have to be accepted. It is understood that by this new CGT more middle-class people will get caught to their net!