Overall, cuts to the CGT annual allowance potentially mean that more clients will be pulled into the CGT net. They will also need to be aware of their reporting obligations as this may not have been on their radar before.
Advisers will have a critical role to play in helping those clients who are trying to maximise this year’s allowance, and in helping keep future years’ liabilities to a minimum.
Article continues after advert
Dave Downie is technical manager at Abrdn
Page 4 of 4