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Stopfords

Year End Capital Gains Tax Planning

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Have you used your 2015/16 £11,100 annual exemption? Consider selling shares where the gain is less than £11,100 before 6 April 2016. Also, if you have any worthless shares, consider a negligible value claim to establish a capital loss. You may even be able to set off that capital loss against your income under certain circumstances.

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Something that we have mentioned in previous articles for those running their own companies is to consider paying dividends before 6 April 2016 when the new system of dividend taxation starts.

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