Tax planning: The 'worthwhile' action to consider ahead of Rishi Sunak's Budget
Trending "If the plan is to take profits and reinvest in other assets then it is probably a worthwhile course of action. "But if there is no desire to sell, then the question would be, is it sensible to create a tax liability now when by continuing to hold the asset no tax would be payable for some time?" Ms Ross explained that there were still steps which could potentially be "worthwhile" to take. This relates to making use of tax allowances which are currently available. "It is worthwhile ensuring that all available tax allowances are fully used," she said.
Source: express.co.uk
