Capital Gains Tax increases from 18% to 28% at midnight tonight for most taxpayers and assets but it is not too late to lock into the 18% rate.

If you or your clients own any of the following assets and are likely to sell in the next few months or years then urgent tax planning today could save substantial tax:

• Buy-to-let properties, second homes or commercial properties;
• Shares that do not qualify for entrepreneurs' relief; and
• Artworks and other non-business investments.

We can advise how to lock in the current 18% rate on today's gains without there needing to be a sale to a third party.

Any documents will need to be signed by midnight tonight and various steps need to be completed before then.

Please urgently contact Andrew Goldstone on +44 207 440 7205 or andrew.goldstone@mishcon.com