Capital taxes

It had already been announced that the CGT annual exempt amount would increase to £11,100 for 2015/16. With a top CGT rate of 28% this allowance potentially saves £3,108 a year, or £6,216 for a married couple.

There has been no change in the inheritance tax nil rate band which remains at £325,000 until 2018.  There are a number of changes to the inheritance tax treatment of trusts.  Please contact us if you wish to discuss these or any other capital tax planning matters.