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Tax Efficient Capital Gains
07/02/2023
Tax Efficient Capital Gains
Please be aware that the Capital Gains Annual Exempt amount (currently £12300) will reduce to £6000 from 2023/24 tax year i.e. from 6 April 2023 and further reduce to £3000 for 2024/25 tax year i.e. from 6 April 2024.
CGT rates remained unchanged https://www.gov.uk/capital-gains-tax/rates
The impact of this change is that any individual making a capital gain on the sale of shares or other property will pay more tax if the sale is made in the next tax year rather than if it is made on or before 5th April 2023.
Do not hestitate to call the team on 01962 715671 or email [email protected] if you would like to discuss how we can help you.
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