Tax and your investments

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28. Other tips to reduce CGT liability

1. Taper relief used to increase by 5% for every year that you held an asset (it no longer applies as of April 2008).
2. If you have any choice whether to make a loss in one tax year and a gain in another then make sure that you make the loss in the earlier year - it can be carried forward and set against the next year's gain. It cannot be carried back and set against a gain in an earlier year.
3. Make sure you get relief for your capital losses. These can be transferred between spouses just like gains, so if one of you has large gains and the other has large losses, transfer the holdings between yourselves before disposal in a way that will allow both of you to use your exemptions.

1. Keeping it legal 2. How HMRC treats your investment income 3. Keeping records 4. The basis of dividend income 5. Dividend income 6. Interest income 7. Interest on Treasury Stock 8. Capital gains tax basics 9. Base cost 10. Indexation 11. Taper relief 12. Indexation and taper relief - together! 13. Date of acquisition 14. Disposal proceeds 15. Disposal of a holding with a history 16. Takeovers 17. Bonus/scrip issues 18. Share splits 19. Buybacks 20. Rights issues 21. Share options 22. Beneficiaries and minors 23. Calculating your CGT liability 24. Using your annual CGT exemption 25. Transfers between spouses 26. ISAs 27. Delaying capital gains 28. Other tips to reduce CGT liability 29. Conclusion