As the UK economy continues to grapple with the deepest recession since records began, at the Chancellor’s request The Office of Tax Simplification (OTS) undertook a review earlier this year into Capital Gains Tax (CGT) identifying areas where the rules can be simplified and clarified.

This month, the OTS’ first report from its CGT review was released, and was met with a wave of mixed responses from professionals and press alike. With recommendations inc...