Drop in asset values provides gift opportunity

The accountancy firm says a combination of low equity and property values, coupled with the lowest capital gains tax (CGT) rate for 40 years, makes now an excellent time to gift assets to family members. Dixon Wilson is advising its clients to take advantage of the current investment environment to pass on their assets with substantially reduced tax liabilities. With property prices down 15% over the past 12 months, and with the FTSE 100 at its lowest level for over five years, these assets will attract significantly less GCT than they did a year ago. Dixon Wilson says the addition of...