How To Plan For Capital Gains Tax
Money : Saving CGT is a tax you will come up against if you are lucky enough for your savings to actually do well and make money, for instance profits from the stock market or similar! If this is likely to be an issue then you should plan accordingly. If you are married, then make sure that you and your spouse use their annual exemption limit to the maximum - seek advice as to the current limit as it changes year on year. Note that if you have gains then you should use this limit this year so as to be able to take stuff out next year too. If you want to sell, for instance a stock, but it will take you into the regions of CGT then try to also 'bank' some losses that will negate the overall profit and therefore keep you within the safety of non-CGT paying limits.
Questions about tax planning:
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