Tax  

CGT shake-up is both threat and opportunity

“However, if the capital gains allowance were to reduce as well, it limits options.”

According to Shelly McCarthy, managing director at Informed Choice, the changes could also see more people seek financial planning in terms of transferring assets between spouses to use allowances and lower tax rates where one spouse was a lower earner, as well as more gifting.

rachel.mortimer@ft.com and imogen.tew@ft.com

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