The Annual Exempt Amount for Capital Gains Tax for the year ended 5 April 2016 is £11,100. If you hold a portfolio of shares or other assets, then you may wish to consider taking advantage of the Annual Exempt Amount by selling some of your assets to crystallise a gain before the 5 April deadline. Discuss this with your accountant or tax adviser.

There are rules to deter you from selling an asset and buying it back straight away, which is called “bed and breakfasting”. Your adviser will tell you about this.