{"id":1082,"date":"2022-12-02T00:00:00","date_gmt":"2022-12-02T00:00:00","guid":{"rendered":"http:\/\/duffyregan.co.uk\/index.php\/2022\/12\/02\/capital-gains-planning\/"},"modified":"2022-12-02T00:00:00","modified_gmt":"2022-12-02T00:00:00","slug":"capital-gains-planning","status":"publish","type":"post","link":"http:\/\/duffyregan.co.uk\/index.php\/2022\/12\/02\/capital-gains-planning\/","title":{"rendered":"Capital Gains planning"},"content":{"rendered":"<p>Readers may have noted that the Chancellor announced a significant reduction in the annual Capital Gains Tax allowance, currently &pound;12,300, from April 2023.<\/p>\n<p>&nbsp;<\/p>\n<p>It is reducing to &pound;6,000 from April 2023 with a further reduction to &pound;3,000 from April 2024.<\/p>\n<p>&nbsp;<\/p>\n<p>Taxpayers who are contemplating the disposal of a chargeable asset next year, which will create significant chargeable gains, should consider organising these disposals before, rather than after, 5 April 2023; unless they have already crystalised gains during 2022-23 and fully used their &pound;12,300 tax-free allowance.<\/p>\n<p>And don&rsquo;t forget, married couples and civil partners both qualify for the &pound;12,300 allowance in which case organising joint ownership of these assets before disposal may be beneficial.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>Readers may have noted that the Chancellor announced a significant reduction in the annual Capital Gains Tax allowance, currently &pound;12,300, from April 2023. &nbsp; It is reducing to &pound;6,000 from April 2023 with a further reduction to &pound;3,000 from April 2024. &nbsp; Taxpayers who are contemplating the disposal of a chargeable asset next year, which [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1082","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"_links":{"self":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1082"}],"version-history":[{"count":0,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1082\/revisions"}],"wp:attachment":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1082"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}