The quiet revolution reshaping the tax landscape

Complex tax landscape There’s no question that the tax landscape is increasingly complex. Tax-efficient strategies can quite easily stray into evasion territory if people aren’t properly supported. Step by step, HMRC has been acting to stem the loss of tax receipts because people are not paying the correct tax due on their investment earnings, whether […]

Two thirds of platforms failing to provide enough holistic CGT support for advice firms

Why fears of a ‘non-dom exodus’ are overblown

Ever since the Autumn Budget announced that the concept of domicile would no longer be a relevant factor in the UK tax system, the headlines have been flooded with news of a mass exodus of Britain’s wealthy non-domiciled residents – those who live in the UK but state their home is abroad. These headlines have, […]

A word to the wise about tax year-end planning

Full disclosure: this is more than one word. But please bear with me as I strive to help those hardy souls involved in planning for tax year end to take into account some important issues. This is certainly not financial or tax advice; I’m simply sharing my thoughts with the adviser community at this pressured […]

HMRC’s mid-year tax regime changes will impact all of us

Life is getting tougher for taxpayers trading assets and, in the short term at least, things are about to get worse when it comes to tax reporting.   HMRC has said it’s too late to adjust the format of the 2024/25 tax return to accommodate the changes made to capital gains tax rates in the […]

CGT support for advisers on platforms is influencing provider selection

91% of advisers are concerned about CGT Research published by Financial Software Ltd (FSL), shows that capital gains tax (CGT) functionality and support given to advisers via platforms is influencing their platform selection and due diligence. As speculation around changes to the CGT regime ramps up ahead of the budget, the majority (76%) of the […]

CGT a growing concern for advisers amid budget speculation

91% of advisers are concerned about CGT Capital gains tax (CGT) is gathering momentum as a concern among investors, with growing numbers seeking expert advice to protect their assets and avoid being brought into the scope. In a study commissioned by consultancy firm the lang cat, involving over 130 financial advisers, more than 91% of […]

Tanager partners with FSL to enhance tax reporting services for British-American families

London, England, 23 July 2024: Tanager Wealth Management LLP (Tanager) – a wealth management firm helping transatlantic families and US-connected persons with their financial planning and investment needs – has announced a new agreement with Financial Software Ltd (FSL) to provide enhanced tax reporting services through FSL’s market-leading investment tax management solution, CGiX. Under the […]

Aviva and FSL join forces to plug tax gap

London, England, 10 July 2024: Aviva and FSL have announced a joint agreement to provide enhanced tax reporting capability from FSL, delivered through Aviva’s adviser platform. Under the joint agreement, excess reportable income (ERI) reporting will soon be available for advisers using Aviva’s adviser platform, powered by FSL’s market-leading tax calculator technology, CGiX. This is […]