Don't panic - you CAN dodge the great capital gains grab: JEFF PRESTRIDGE
Daily MailOf all the unpleasant personal finance measures announced in the Chancellor's high-spending, high-taxing Budget, the one that took most experts by surprise was the hike in capital gains tax on share sales. This means there is no CGT on gains made on investments held inside the tax-free wrapper – be it from UK shares, international shares, investment funds or investment trusts. If you've already got an investment Isa, use it – don't invest outside of it unless you've already exhausted your annual £20,000 allowance. Including this tax year, it gives you the opportunity to squirrel away a maximum £120,000 into an Isa between now and April 2030 – £240,000 per married couple. Transferring shares to the partner who is a lower-rate taxpayer also means less tax to pay on future capital gains that exceed £3,000 – 18 pc instead of 24 pc.
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