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The Meaningful Money Personal Finance Podcast

Feb 17, 2016

Last week, we covered Income Tax planning, but there’s a whole world of planning you can do outside of that, to feather your own nest. In today’s show I’ll cover the two other main personal taxes, and look at how you can do some good solid Capital Gains Tax planning and Inheritance Tax planning

Capital Gains Tax Planning and Inheritance Tax Planning

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Capital Gains tax planning & Inheritance Tax planning

Capital Gains Tax (CGT) and Inheritance Tax (IHT) - both will likely figure at some point in your investing career, if they haven’t already.

But CGT and IHT are most definitely able to be planned around, and I’m here to be your guide. All tax allowances and rates are for the 2016/17 tax year, and this is UK-only folks - apologies to my overseas listeners. Check out the archive!

In this session, you'll discover:

  1. How capital gains tax works
  2. What CGT is charged upon and how it is calculated
  3. Why it might  be a good idea to make a loss from time to time
  4. How to make the best use of your assets for Capital gains tax planning
  5. Which kinds of investments are advantageous for CGT
  6. How Inheritance Tax works
  7. What the Nil Rate Band is, and how it is changing
  8. The three best ways to reduce your IHT liability
  9. How to best execute your Inheritance Tax planning strategies

Everything I cover in this session will be enough for most people to never pay either Capital Gains Tax or even Inheritance Tax. Most of us don't have big issues with these taxes, but just need to know the best ways to work around them.

Resources mentioned in this show

Podcast: Personal Taxation Overview

Podcast: Income Tax Planning

Video: Enterprise Investment Schemes

Transcript: As always, there is a full transcript of this show available by clicking the big blue button below:

Join the conversation

I love to read and respond to your comments, so please do join in and share. Question: What capital gains tax planning and inheritance tax planning measures have you taken?

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Hugs and kisses to Toxic_Fairy, and Dr Simon Li for their reviews this week - much appreciated folks!

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