Bestinvest's Adrian Lowcock reveals five top tips to avoid capital gains tax (CGT) as the Government moves to raise the rate on non business assets to as high as 50%.
Analysts are warning thousands of investors could be hit with a massive CGT bill if a planned rise goes ahead. But senior investment adviser at Bestinvest Adrian Lowcock says there are practical ways to keep gains out of the taxman's hands. Tip 1: Wrap as much of your investments as possible into ISAs. With the full allowance at £10,200 most people will be able to put a large proportion of their investments into ISAs. Tip 2: Each person has an allowance of £10,100 in gains before any tax is charged so many people can avoid paying the tax by strategically selling assets ...
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