Two Thirds of Platforms Failing to Provide Holistic CGT Support for Advice Firms - IFA Magazine

Two thirds of platforms failing to provide holistic CGT support for advice firms - IFA Magazine

Research published today by tax reporting experts FSL, shows more than two thirds of platforms are not providing advisers with holistic CGT planning support, despite it being an issue they’re grappling with daily.    Fewer than a third of platforms provide tax tools that enable advisers to include off platform assets in their financial plans for clients.  This is despite more than one in four advisers (27%) viewing this as important functionalit…

Two thirds of platforms not providing enough CGT support for advice firms

More than two thirds of platforms are not providing advisers with holistic CGT planning support, despite it being an issue they’re grappling with daily. Those were the findings from research published today (20 May) by tax reporting experts FSL.

Investors’ Relief under pressure – Why HMRC is tightening its approach

HM Revenue & Customs (HMRC) is writing to taxpayers who claimed Investors’ Relief on their 2023/24 Income Tax Self-Assessment returns but may not meet the strict eligibility criteria. These letters signal increased enforcement around a lesser-used Capital Gains Tax (CGT) relief that is frequently misunderstood. What is Investors’ Relief? Introduced in 2016, Investors’ Relief offers a reduced CGT rate of 14 per cent (for disposals made on or afte…