Pre/Post 31/10/24 CGT

PippaO · February 3

Hello paraplanners (and Les)

I understand that two sets of gains will need reporting for 24/25 - if clients crystallised Pre-Budget, taxable at 10/20% and then those crystallised post-Budget at 18/24%.

Can the £3k annual exemption and any carried forward losses be set against either set of gains e.g. the post-Budget gains? Or does it have to be in the order the gains were crystallised i.e. pre-Budget first?

Thanks,
Pippa

les_cameron · February 3

Beneficial ordering applies to CGT. was one of our TYE technical treats - https://www.mandg.com/wealth/adviser-services/tech-matters/tax-year-end/tye-thursday-treats

les_cameron · February 3

You can offset everything you want offset against AEA, losses and Basic rate band use in the way that's most beneficial.

PippaO · February 3

Great, thanks for confirming Les

Pre/Post 31/10/24 CGT

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