CGT is central to investment choice

There has been much debate over the past year and a half over the relative merits, from a taxation p...

There has been much debate over the past year and a half over the relative merits, from a taxation point of view, of portfolio services against fund of funds. Much of it has been generated by a desire to make headlines, as against considered analysis. As with most discussions concerning tax the best solution will inevitably be dictated by each investors circumstances. Alterations The reason for the raised temperature in this debate stems from the alterations made to the capital gains tax (CGT) regime in the 1998 Budget. To recap, bed and breakfasting - the practice of selling one day to ...