Consumers 'waste £150m on CGT per year'

According to figures published by Unbiased, £148m of the £13.5bn paid needlessly each year relates to CGT. Analysts at the adviser search engine say taxpayers are ignoring tax efficiency strategies and wasting millions on CGT every year. Most people fail to use ISAs to shelter their investments from tax liabilities, Unbiased says. "The easiest way to prevent unnecessary tax payments and reduce wastage to CGT is to visit an independent financial adviser who specialises in tax planning advice," said Karen Barrett (pictured), chief executive of Unbiased. The CGT checklist The f...