Top tips to minimise CGT liabilities

JLT's Martyn Scott outlines the planning opportunities you can use to reduce your client's Capital Gains Tax charges.

Since its introduction in 1965 by the then chancellor James Callaghan, Capital Gains Tax (CGT) has been a regular albeit fluctuating part of the taxation landscape of the UK. What started out as a simple flat rate tax of 30% on gains above £1,000 has seen numerous forms and amendments that turned a simple tax into something much more complicated to understand and administer. Successive governments have sought to make changes to CGT, to simplify things, to take into account inflation, to encourage business owners to invest and build capital and yet the fundamental principle remains tha...