Andy Woollon: Are your clients paying too much CGT?

CGT generated £8.38bn for government last year

clock • 3 min read

Andy Woollon outlines seven steps advisers can take to mitigate capital gains tax for clients...

It's often regarded as one of the most underpaid taxes yet capital gains tax (CGT) generated £8.38bn for the government last year - despite the reduction in CGT rates and increase in the annual exemption.  Overall, CGT was 60% higher than IHT receipts, a tax which attracts far more column inches and advice. Over the next five years, receipts are expected to increase by 50% in anticipation of landlords selling, investors taking stockmarket gains and HM Revenue & Custom's tax clampdown.  Yet, it is a tax which has more reliefs and exemptions, than actual chargeable assets, so why do ...

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