The CGT silver lining

clock

Robin Hooper examines the opportunities arising from recent changes to capital gains tax

With no sign in sight of a meaningful U-turn from the Chancellor in respect of his proposed changes to Capital Gains Tax (CGT) there is increasing concern among accountants and financial advisers regarding the potential impact of the proposed 'simplification' on their business and private clients. For a government that has the stated intention of helping business, the changes are odd, to say the least. By removing the taper relief that has for a decade replaced indexation and helped those holding assets for the longer term to combat the effect on inflation on their gains, the Chancellor...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Estate planning

Estate planning: Testamentary capacity in the spotlight

Estate planning: Testamentary capacity in the spotlight

'My top tip for futureproofing your will is follow the golden rule'

Nicola Bushby
clock 18 March 2024 • 4 min read
The role of advisers in implementing clients' testamentary wishes

The role of advisers in implementing clients' testamentary wishes

How to avoid challenges to a will after a client death

Elizabeth Sainsbury and Carmen Barragan-Lopez
clock 15 January 2024 • 4 min read
Part of the plan: LPAs are the missing piece of the advice jigsaw

Part of the plan: LPAs are the missing piece of the advice jigsaw

Legislation aims to improve lasting power of attorney system

Justin Rourke
clock 23 November 2023 • 2 min read