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News from the Chancellor Jeremy Hunt yesterday indicates that the £12,300 tax free allowance for Capital Gains Tax is set to be halved to around £6000. The annual £20,000 limit for ISA savings will be frozen. This could significantly impact on those planning to use their Capital Gains Tax allowances to make lifetime gifts to children as a form of advanced Estate planning.
If you need advise on Estate planning, Power of Attorney or Will writing, contact Adcocks Solicitors Limited Private Client team TODAY!!
01543 442100
kd@adcock.com
