CGT: A stealth tax representing advice opportunity

For years, capital gains tax has potentially sat behind income tax and inheritance tax in the hierarchy of client concern. Whereas income tax is immediate, visible and unavoidable, IHT is the long-term anxiety point, particularly for older clients focused on intergenerational planning. However, CGT, by contrast, has often been treated as occasional and only relevant when a client sells a business, realises gains in a portfolio or disposes of an investment property, it has rarely been the starting point for an advice relationship. A combination of higher rates, sharply reduced allow...