Ray Tubman: Using enhanced tech to keep CGT under control

Platform tools fall short

clock • 3 min read

Ray Tubman looks at the importance of CGT tools as the threat of a post-Covid wealth tax looms...

With Covid-19 vaccines now approved and discussions of a post-Covid wealth tax to partially fund the enormous debt resulting from this pandemic, the importance of tax planning is ever-more important. We initiated research that was carried out by NextWealth last year into financial advisers' usage of capital gains tax tools. It has shown that 78% of advisers who advise on non-pension wealth, advise and actively monitor their clients' capital gains positions. Indeed, when rating the importance of tools provided by platforms, they rated CGT tools second only behind performance reporting....

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