Andy Woollon: Are your clients paying too much CGT?

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 ...