Tax Planning Tips
“With such disparity between CGT and the high income tax band from April 2010, I am not convinced the Capital Gains Tax rate will remain as it is in the long-term" says Peter Warren, Tax Director.
How prepared are you for April 2010?
- Capital gains Tax (CGT) currently 18% - did you know that Entrepreneurs Relief can reduce CGT to 10%?
- Likely to suffer 50% income tax from April 2010? Then look at assets and investments that could generate capital gains returns rather than income.
- Consider reliefs that allow deferral of CGT (holdover and rollover reliefs).
Peter’s advice is “consider action to crystallise gains before April 2010. No specific measures have been introduced to prevent acceleration of income before 6 April to escape the 50% tax rate - seek expert advice and discuss planning opportunities now!”
Concerned? for more information and advice contact Peter Warren
E: peterwarren@bird-luckin.co.uk | T: 01245 254250




