Your Investments: Don't ignore tax in assessing investment options
Whatever you decide to invest in, make sure you know the tax position, writes Peter Vale.
At 33 per cent, the current capital gains tax (CGT) rate is significantly higher than it was during the boom years of the Celtic Tiger. Whatever asset class you are investing in, it pays to know the tax position â€“ and also to know whether there's anything you can do to mitigate potential exposures.
For the most part, holding an investment in your personal name makes most sense from a tax perspective. A disposal...
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