"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 private client partner Rebecca Fisher 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.
Rebecca is a partner in the private client group advising families and individuals on all aspects of private client law including wills, estate planning, administration of estates, trusts and powers of attorney.
She regularly advises clients including entrepreneurs, business owners and multi-generational family businesses on succession planning, with particular focus on inheritance tax and capital gains tax planning. Rebecca fully understands the unique challenges that family businesses face.