You may already be familiar with the concepts of investing via pensions and Individual Savings Accounts (ISAs) to maximise the tax efficiency of your investments. You may also be aware that further tax breaks exist if you invest via Venture Capital Trusts (VCTs) and Enterprise Investments Schemes (EISs).

However, are you aware that possibly the largest tax break available to you is your annual Capital Gains Tax (CGT) allowance.

Every single person is entitled to make a certain amount of capital gain in each tax year (£9,200 for 2007/08) and be exempt from CGT on that gain. However, the vast majority of people let each tax year go by without making the most of this allowance.

At Web.fs we work very hard to ensure we maximise your annual CGT allowance. In most cases, this involves working closely with your other professional advisers to make sure there's a coordinated approach to your CGT issues. Working in this way, we've built substantial unit trust portfolios for many of our clients that have little or no in-built CGT liability.