The CGT annual exempt allowance of £12,300 is a soft target, given a previous recommendation by the Office of Tax Simplification that it could be reduced to £2,000–£4,000.
The chancellor also remained silent in his autumn Budget regarding a mooted change that would see CGT rates align more closely with income tax bands, so it wouldn’t be a surprise to see changes on this front.
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FTA: What's your secret tip for all advisers looking to make some last-minute tax savings for their clients?
MC: The best time to start planning for end-of-tax-year savings is April 6. Leaving it to the last minute is not a scalable or repeatable process.
carmen.reichman@ft.com
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