Changes to CGT will create opportunities in IHT planning

The changes to be made to capital gains tax (CGT) on 5 April this year are likely to have far-reachi...

The changes to be made to capital gains tax (CGT) on 5 April this year are likely to have far-reaching effects. One very specific area this will call into question is traditional equity income-producing products, particularly for higher-rate taxpayers. After these changes, investing in products that provide capital gains rather than a combination of capital and income will give better tax returns. It is hard to imagine that the competitive advantage of income-producing products will be maintained, and it will be very interesting to see what the post-5 April product looks like and how it is ...