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Annual exemption

Don’t forget that you can make £11,100 in capital gains each tax year without paying any capital gains tax.  If you are thinking of selling assets or investments this year, you should consider doing this by 5 April to use up this year’s annual exemption – if you don’t use it, you will lose it. With planning, you can dispose of some of your assets this side of 5 April and some from 6 April to get £22,200 of the gain tax free.

If you have any questions, please contact Michael Burgess on 01782 279615.