News: January 2013

Annual CGT exemption

This is currently £10,600 and we are told it will increase to the following:

• £11,000 in 2014/15, worth £3,080 at the normal 28% rate of CGT
• £11,100 in 2015/16, worth £3,108 at the normal 28% rate of CGT

It is unclear what the exemption will be for 2013/14, but an annual tax saving of around £3,000 is always worth planning for where possible.