17/03/2020
Look at Year End CGT Planning before the deadline
Have you used your 2019/20 £12,000 annual capital gains exemption? Consider selling shares where the gain is less than £12,000 before 6 April 2020.
Also, if you have any worthless shares consider a negligible value claim to establish a capital loss. You may even be able to set off that capital loss against your income under certain circumstances which could save tax of up to 45% of the loss.
For further information on Capital Gains Tax planning, please contact Helen Spalding on 023 8046 1234.
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