Taxation

Pen-Life Investment Platform

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CGT Tax Saving Tips

Introduction > > > Tax Saving Tips

Our most common tax-saving tips are as follows:-

  • Moving assets across into investments that are exempt from capital gains tax.
  • Timing disposals to spread across more than one tax year whenever possible. (This means that part of the gain is taken in one tax year, and part in the next, allowing you to use two sets of CGT Exemption. An example of such might be selling shares in blocks to fund a property purchase).
  • Transferring assets from an asset-rich to asset-poor spouse, so that both exemptions can be used in future encashments.
  • Careful selection of which assets to sell in order to minimise tax or generate tax-free income. (for example, all things being equal, using the exemption to dispose of those with the highest potential gain can be very effective).

Last updated on April 6, 2012

The Financial Services Authority does not regulate taxation, tax planning or trust advice. Levels and bases of, and reliefs from, tax are subject to change.

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Pen-Life Associates Ltd is authorised and regulated by the Financial Services Authority (http://www.fsa.gov.uk/register/home.do). FSA Registration No: 212972

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