This month advisers should consider the following: taking advantage of the one-off exemption from CGT applicable for gains of up to £100,000 realised by an individual on disposals before 6 April 2013 which are reinvested in a SEIS qualifying company before 6 April 2014; for taxpayers who first used the remittance basis in 2008/09, a capital loss election might be necessary, before 6 April 2013, to permit their foreign capital losses to be relieved in the UK, even if no capital gains were made in 2008/09; and, planning points concerning the imminent reduction to the top rate of income tax.
