Bullet summary of capital gains tax planning techniques

Some of the simple opportunities to reduce capital gains tax include:

• Becoming non UK resident and selling free of CGT.

• Ensuring you receive a tax free uplift before becoming UK resident

• Occupying property as a main residence and claiming principal private residence relief and lettings relief

• Using Nominee agreements to avoid CGT

• Claiming reorganisation relief if shares are being sold

• Seeing if assets are Exempt assets for CGT purposes

• Making use of the annual CGT exemption by using transfers and delayed disposals

• Arguing there is UK trade to maximise the capital gains tax reliefs available

• Claiming and maximising the amount of Entrepreneurs Relief to reduce the gain

• Claiming non UK domicile status and applying the remittance basis

• Using an EIS deferral to reduce capital gains tax

• Using double tax relief to reduce the CGT payable on an overseas property

• Using an offshore company

• Using an emigrant beneficiary trust

• Transfer to a trust

• Maximising the deductible expenses