CGT used to be a flat rate of 18%. However the recent changes mean that it is now linked to income. If you are a higher rate taxpayer ,or if when the gain is added to your income you become a higher rate taxpayer then the rate chargeable is now 28%
You should use your annual capital gains tax allowances and ensure that taxation is minimised as much as possible.
If you require further information on capital gains tax please contact us 0n 01454 321511.
The financial services authority does not regulate some forms of tax planning. This article should not be classed as advice.
