No split on capital gains – Cable

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Business Secretary Vince Cable has insisted the coalition government is not split over planned increases to non-business capital gains tax.

The move could see second home sales taxed at a rate of 40% or 50%.

Senior Tory MPs have attacked it as a tax on the middle classes and a betrayal of Conservative values.

But Mr Cable told BBC News it was a crucial part of the coalition deal and there was no disagreement over it between the Lib Dem and Tory partners.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

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