CGT & IHT

News: April 2013

CGT & IHT

Annual CGT exemption

Modest increase over the next few years mean the value of using the exemption is about £3,000 each year, if you would otherwise pay CGT at the 28% rate. Well worth looking to pick-up such a tax saving and we can advise how to do so in your particular circumstances.

Employee ownership

A new CGT relief is planned to be introduced, but not until next year, on the sale of a controlling interest of a business into an employee ownership structure. If that appeals to you we can advise of the options and keep you right up to date with developments.

IHT nil-rate band

This is to be frozen at £325,000 until 2017/18, rather than enjoying a modest increase to £329,000 from 2015/16 as had previously been announced. It means that careful IHT planning should be close to the top of your tax planning agenda.