CGT Annual Exemption Cuts
Posted on 3rd July 2023 by Joanne Stoneman
CGT annual exemption cuts, and how you can mitigate them.
A popular option is to transfer assets to your spouse/civil partner to make use of their annual exemption and, if applicable, their lower CGT rate. If you have children you can do the same with them. While there are special anti-avoidance rules to watch for, this strategy can, e.g. save you £800 CGT per year, per child on a gain of £4,000.