The below taxation information is based on our current understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from, taxation are subject to change.

The Financial Conduct Authority(FCA) does not regulate taxation advice.

The value of investments and the income they produce can fall as well as rise. You may get back less than you invested.

Tax treatment varies according to individual circumstances and is subject to change.

For 2024/25, individuals are entitled to an annual CGT exemption of £3,000 and trustees up to £1,500.

If you think that your investments have made substantial unrealised gains and you have not yet made use of your CGT exemption, you should consider taking financial advice as you may be able to utilise your CGT exemption, or similar. You could for example, consider reinvestment in an ISA (subject to the ISA limits), reinvestment by a spouse/civil partner or reinvestment into a similar holding.  Please contact us on 01761 415010 for more information.

Consideration should be given to transferring assets between spouses/civil partners before encashment to enable each to use their annual exempt amount – this requires a genuine and unconditional gift from one spouse to another.

It is important to consider whether any investments have made a loss and whether excess gains could be offset by any losses. Losses can be carried forward indefinitely, so it is important to include gains, losses and the annual exemption in any calculation to determine how to maximise relief.