IFA help needed to reduce CGT burden

Research by unbiased.co.uk shows these payments will be as high as £552m this year as a result of the CGT rise from 18% to 28% for higher rate taxpayers. With CGT-free allowances of £10,100 for the current tax year, the organisation has pointed out advisers could help to drastically reduce the burden on individuals. Karen Barrett, chief executive of unbiased.co.uk, says: "Capital gains tax has been a hot topic ever since the chancellor announced the increased CGT rate to 28% for higher rate taxpayers. "But even before that change, we have seen far too many people making unnecessary...