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  Budget Resolution 38 - Capital Gains Tax
  
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  @ MP voted aye to cut capital gains tax rates and extend entrepreneurs relief discounts to external investors as well as make other changes to capital gains tax. 
  @ MP voted no against cutting capital gains tax rates, against extending entrepreneurs relief discounts to external investors and against making other changes to capital gains tax. 
  
  The majority of MPs voted in favour of changes to Capital Gains Tax including a reduction in rates and extending entrepreneurs relief discounts to external investors. 
  
  In this vote the majority of MPs taking part supported Budget Resolution 38 titled ''Capital gains tax'' which stated:
  
  :That  provision  (including  provision  having  retrospective  effect)  may  be  made  about capital gains tax.
  
  This indicated support for the measures relating to Capital Gains Tax in the March 2016 budget[1]. The key such measures were:
  
  *  A reduction in the higher rate of Capital Gains Tax (CGT) from 28% to 20%, and a reduction in the lower rate from 18% to 10% from 6 April 2016.
  * An extension of entrepreneursâ relief to external investors in unlisted trading  companies applying to newly issued shares purchased on or after 17 March 2016 providing they are held for a minimum of 3 years from 6 April 2016, and subject to a separate lifetime limit of Â£10 million of gains.
  * To allow entrepreneursâ relief to be claimed in a wider set of circumstances.
  * To introduce an individual lifetime limit of Â£100,000 on gains eligible for Capital Gains Tax exemption through the Employee Shareholder Status. This limit will apply for arrangements entered into on or after 17 March 2016. 
  * To prevent a double charge occurring when non-residents dispose of UK residential property.
  * To prescribe with effect from 6 April 2015 two specific circumstances where a return is not required and give HM Treasury powers to add, amend or remove circumstances and  make consequential provision. 
  * To add capital gains tax to the list of taxes that the government may collect on a provisional basis, to spread payments over time.
  
  ==
  
  * [1] [https://www.gov.uk/government/publications/budget-2016-documents March 2016 Budget Documents, Gov.UK]
  
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  (put thoughts and notes for other researchers here)
  