A study in taxation

As the last few years have proved, the rules of taxation never stand still. Studiousness is simply part of the job of the adviser. Following this year's Budget, once again advisers are revisiting core planning strategies

The introduction of a flat capital gains tax (CGT) rate of 18% sparked much debate around wrapper selection, as the flat rate appeared to make collective investments a more attractive option. In reality, the situation is not so simple. Financial planning and investment decisions are never just about a single issue such as tax or price. Many factors will be considered in light of the client's circumstance and requirements. When considering tax alone, the headline rate is never the complete picture. Income and growth investment strategies will provide different results as will tax rates app...