General Studies · Tax Planning & Capital Gains
Putting an asset into joint names with a spouse or registered civil partner prior to its disposal can be an effective capital gains tax (CGT) planning strategy. Which of the following CANNOT be achieved as a direct result of using this type of tax planning?
- 1Making the best use of capital losses
- 2Reducing the amount of CGT payable
- 3Deferring the CGT due date✓
- 4Making the best use of annual exempt amounts
Correct answer
Deferring the CGT due date
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