Crystallising losses could work to your advantage

The current economic climate could offer an opportunity for people to limit their tax bills and crystallise losses by turning them to their advantage and passing on share portfolios and property to children to help avoid capital gains tax (CGT).

Firms in the UK paying an extra £2.4bn a year

Changes to small companies tax regimes has resulted in over 500,000 small firms in the UK having to pay an extra £2.4bn a year, according to Tory MP Justine Greening.