The British Medical Association and the British Dental Association have written to the Chancellor of the Exchequer saying changes to capital gains tax could jeopardise the retirement plans of thousands of members. They are concerned that the abolition of taper relief from April 2008 will mean GPs and dentists will be worse off when they sell their practices.

BMA chairman Dr Hamish Meldrum warned in the worst case scenario it could make it harder for patients to access services if practice partners retired early ahead of the change.