As this video is being released on Valentine's Day, you know, I could have come up with a tenuous

link about love or relationships or something, but instead we're going to talk about something

far sexier. Capital gains tax planning. Sausey.

Okay, last week we went over the basic rules of capital gains tax, how it all works.

Like any set of rules, there are planning

angles that you can consider to minimize your exposure to this tax. Obviously they're all

legit. H. M.R.C. sanctioned methods.

There's nothing shady going on here.

But let's put five minutes on the clock to the left here.

Say a quick thank you to my friends at 7 Investment Management for continuing to sponsor

the show and let's crack on.

Now, the first planning angle is called an interspousal transfer.

I alluded to it last week.

Everybody has an annual capital gains tax allowance. that's the amount you can gain in

any one year before you pay tax now if you make use of your spouse's allowance

two then you're doubling the amount you can gain in any one year.

So let's say you hold some money in a fund and you want to sell it for a gain of 20,000 pounds.

Ordinarily you'd be paying capital gains tax on the excess of that gain over the annual

allowance. Here as I speak towards the end of the 2019-2020 tax year that would be

an 8,000-pound taxable gain after you've taken off the 12,000 pound allowance, which it is at the minute.

That allowance changes every year, so check what it is in the year that you're watching this.

Now if you transferred half of the fund shares that you want to your partner, it needs to be

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