Capital gains tax (CGT) functionality and support given to advisers via platforms is influencing their platform selection and due diligence, according to research by Financial Software Ltd (FSL).
As speculation around changes to the CGT regime ramps up ahead of the Budget, 76% of the 130 advisers polled have said that the support offered to them is impacting which providers they are choosing to work with. The research by The Lang Cat, commissioned by FSL, also showed that more than 91% reported that CGT is of greater concern for them and their clients compared to two years ago. This comes as more people are being pulled into CGT scope with the latest statistics from HM Revenue and Customs showing that since 2019/20, numbers paying the tax have risen from 272,000 to 369,000, repr...
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