Capital Gains Tax
Capital Gains Tax Planning for Individuals & Families
Reliefs, Timing Strategies & Planning Opportunities
In this expert-led discussion, Warren & Partners examine the practicalities of managing Capital Gains Tax (CGT) — a tax head that can have substantial financial implications if not carefully planned. From timing the disposal of assets and using historic losses, to navigating intergenerational transfers and reliefs such as Entrepreneur Relief and Retirement Relief, this conversation highlights the importance of tailored advice and forward planning. The session also touches on CGT implications for business startups and funding through EIIS, emphasising the value of early engagement with your advisors.
Key topics include:
- Timing asset disposals to align gains and losses within the same year
- Using historical losses to offset current and future gains
- Understanding intergenerational transfers and the reliefs available (e.g. Retirement Relief, Entrepreneur Relief)
- Upcoming changes to Retirement Relief from 1 January 2025
- How EIIS can support startups and offer income tax relief to investors
- The importance of structured planning and continuous professional engagement
Highlights
Explore the key points from this conversation through a selection of highlight snippets below. These brief clips distil the essential messages, offering quick and valuable insights at a glance.
1. Basics and timing
2. Losses
3. T_F between spouses and family members
4. Reliefs on transfers between parents and children
5. CAT reliefs
6. CGT reliefs with a focus on RR
7. RR FA23 changes
8. Opportunities that arise due to FA23 updates
9. ER
10. ER_RR applying simultaneously
11. RR_ER example
12. Importance of seeking advice in advance
13. EIIS
14. How W&P can assist for EIIS
15. How W&P can help keep track of reliefs
