Andy Woollon: Are your clients paying too much CGT?

CGT generated £8.38bn for government last year

clock • 3 min read

Andy Woollon outlines seven steps advisers can take to mitigate capital gains tax for clients...

It's often regarded as one of the most underpaid taxes yet capital gains tax (CGT) generated £8.38bn for the government last year - despite the reduction in CGT rates and increase in the annual exemption.  Overall, CGT was 60% higher than IHT receipts, a tax which attracts far more column inches and advice. Over the next five years, receipts are expected to increase by 50% in anticipation of landlords selling, investors taking stockmarket gains and HM Revenue & Custom's tax clampdown.  Yet, it is a tax which has more reliefs and exemptions, than actual chargeable assets, so why do ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Inheritance tax exemption threshold for farmers increased to £2.5m

Inheritance tax exemption threshold for farmers increased to £2.5m

Change takes effect from 6 April 2026

Isabel Baxter
clock 23 December 2025 • 2 min read
IHT receipts continue on path to record year

IHT receipts continue on path to record year

£5.8bn for first eight months of 2025/26

Jen Frost
clock 19 December 2025 • 2 min read
To 2p or not 2p: Income tax rate changes explained

To 2p or not 2p: Income tax rate changes explained

'Income tax rate changes, but not the ones we were expecting'

Julia Peake
clock 18 December 2025 • 6 min read