No one likes tax rises but for a nation obsessed with property, CGT increases are particularly galling.

Raising CGT from 18% to rates “similar or close to those applied to income” on non-business assets could mean a top rate of 40% for taxpayers selling property. And hours of moaning dinner-time conversations across the country. Perhaps we should all start investing in vintage cars instead.

DJ Chris Evans spent £12m on a rare 1963 Ferrari 250 GTO this month. The purchase was funded in part by selling other classic cars from his collection which he did not have to pay CGT on. As wasting assets – items classed as having a normal predictable life of less than 50 years – he didn’t have to pay CGT.

Though if you’ve got £12m to blow on a car, chances are tax concerns aren’t your main priority…

David Kilshaw of accountant KPMG told this is money: ‘These are all specialist areas. People buy these assets because they know them and enjoy them, not as a tax break. The CGT exemptions are just a bonus.’

Not quite as much of a bonus as the lady-magnet properties of a £12m Ferrari.