There are many ways in which your eventual liability to capital gains tax (CGT) can be minimised, particularly when share prices are depressed.
Many of us may currently have some time on our hands to accelerate tax year end planning. Central to this is making use of the CGT annual exemption.
Things to consider are:
• selling investments and repurchasing them in an ISA – colloquially known as Bed and ISA
• transferring investments to spouses or civil partners to allow Bed and ISA
• transferring assets to other family members as less CGT cost due to current low prices.
We can help with all your CGT planning needs. Please contact our specialist tax team on 0161 761 5231 or email theteam@horsfield-smith.co.uk.
