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 Tel: 020 7060 1996 Fax: 020 7060 1997 E-mail: info@rmwm.co.uk
Principal - Marco Pietropoli |
Capital Gains Tax
In the tax year to 5th April 2007/2008 the CGT allowance is £9,200 (2005/2006 £8,800).
There are a number of ways that Capital Gains Tax can be avoided or deferred by using up your Allowances and by investing in Tax Efficient vehicles. These include:
• ISAs
• Venture Capital Trusts
• Enterprise Investment Schemes
• Enterprise Zone Trusts
• Film Partnerships
• Offshore Investments
• National Savings
By clicking the above link, you will leave this page and RMWM and SAGE Financial Services Ltd. can take no responsibility for the content of the linked site.
This means that you do not have to pay tax on gains from buying and selling shares or other investments during the tax year up to that amount. Remember also that you do not normally have to pay tax on any gain you make when you sell your main residence.
If you have used your CGT allowance, don't forget using up your ISA allowance. A maxi ISA can shelter capital gains and dividends on investments, for example stocks and shares, worth up to £7,000 per year.
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