We’ll work with you each end-of-tax-year to attempt to mitigate recognised capital gains. What’s more, if you need income, we will also actively work to help you minimise recognised taxable income. Because we use direct investment in investments, we are often able to sell an investment at break-even or at a loss to generate income rather than specifically use income generating securities that will derive income with higher tax burdens.  We do not let tax ‘wag the dog’ so to speak, meaning that we do not try to structure investment portfolios for tax purposes to the detriment of investment performance.  However, we do try to work smarter for your benefit as appropriate. So, both potential taxable capital gains and potential income tax may be incurred.  We believe we have a straightforward and uncomplicated methodology that can help mitigate them.