"My livelihood is based on buying, renovating and then selling properties which are chargeable for capital gains tax. How will the chancellor's decision to freeze tax allowances affect my take-home income? Is there anything I can do
to reduce any new tax liabilities?"
Russell-Cooke partner answers a reader's question in The Financial Times, observing that now might be an opportune time to review the current model of selling the properties rather than retaining them for income generation is still the right one.
Will tax freeze hit my take-home income? is available to read on the Financial Times website via subscription.
Our private client team advises families and individuals on all aspects of private client law including wills, estate planning, administration of estates, trusts and powers of attorney.
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If you would like to speak with a member of the team you can contact our private client solicitors; Holborn office +44 (0)20 3826 7522; Kingston office +44 (0)20 3826 7529 or Putney office +44 (0)20 3826 7515 or complete our form.