Capital Gains Tax

The key to minimising CGT is planning as far in advance as possible. Some of the strategies will involve ensuring that one qualifies for all possible reliefs, and that may require correctly setting up for transactions years in advance.

On occasions there are last minute adjustments one can make to a pending transaction that may save some tax.

Qualifying EIS investments may allow a deferral of CGT incurred in previous years. That deferral has a potential added benefit if it moves the subsequent crystallised gain from being taxed at 28% to one being taxed at 20%. This is one method of reducing CGT by an action after the event.

We encourage our clients to discuss all financial matters with us as far in advance as possible so that we may help reduce the overall tax burden.