10 ways to cut capital gains tax on shares and bonds

In Tax Hacks, our columnist Mike Warburton – previously a tax director with accountants Grant Thornton – brings you his best tax-saving tips

The Government is playing down speculation about the review of capital gains tax requested by the Chancellor from the Office of Tax Simplification (OTS). Despite this, many investors remain concerned that he will take the opportunity to tighten up the rules to raise much-needed cash, possibly as soon as this autumn.

The OTS have now published their scoping document which is wider than I had anticipated.

In my last column I looked at capital gains on property.

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Byron to cut 650 jobs and close 31 outlets

Byron will permanently close 31 restaurants with the loss of 651 jobs despite the burger chain being bought out of administration.

It will shut more than half its 51 sites after becoming the latest casual dining business to be hammered by the coronavirus pandemic.

Administrators at KPMG said that the brand and certain assets had been sold to a newly formed company called Calveton in a move that will protect its 20 remaining sites and 551 employees.

Will Wright, partner at KPMG and joint administrator, said the sale “ensures Byron will continue to have a presence on our high streets”.

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Dyson to cut 900 jobs with one in six UK workers axed

Dyson is cutting 600 of its 4,000 staff in the UK as the consumer goods maker restructures following the lockdown.

Redundancies will be spread across the business but largely focused on retail roles, such as Dyson employees working in concessions in department stores.

Customer service positions at the company’s headquarters in Malmesbury, Wiltshire, will also go, along with some back-office functions such as legal. Some research and development roles are also understood to be affected. 

Demand is thought to have rapidly shifted online as shops were forced to close to control the pandemic, meaning many in-store jobs were no longer

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Time for Dixons to cut off its Carphone connection

Baldock is convinced that with the Carphone stores out of the way and customers soon able to take up less punitive contracts, the unit will come good. After all, it dominates the intermediary market.

But that won’t be for at least another three years. The company is now warning that the pandemic is likely to delay the return of the mobile phone arm to profitability, meaning it is not expected to break even until 2023 at the earliest.

By then, almost a decade will have passed since the £3.8bn merger of Dixons and Carphone Warehouse, a deal that the City

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