Investing in Venture Capital Trusts to remove my CGT liability?Make Text Bigger
I have just sold a rental property and will be liable for Capital Gains Tax after taking in to account the various tax breaks.
I understand the rate payable will be 18% or 28% depending on my other total income.
I was wondering if I became a NIL rate taxpayer by investing in Venture Capital Trusts whether this would remove my CGT liability.
Grateful for any thoughts.
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