Series - Taxation
Series - Taxation
In partnership with the lang cat, we are excited to present our latest white paper, “Excess Reportable Income: Borrowed Time.” At FSL, we’re committed to solving the challenges facing our customers and their clients. And Excess Reportable Income (ERI) is a topic that keeps coming up. We already know there are significant difficulties around obtaining, […]
Whilst the headlines have been dominated by the cut to National Insurance, the partial sale of the government’s stake in NatWest, and the increases to Universal Credit and the full state pension, we were looking more closely at the announcements that affect taxes on investments. Here is our first look at the announcements we think […]
For all the innovation that goes on in our sector, the exchange of data between parties is often at odds with the standards we’d all expect.
When navigating tax laws and gathering the right information to ensure compliance, investments in offshore funds may present a challenge for family offices. With offshore investment funds growing in popularity, the first thing to know is that holders are liable to tax on income and gains even when it is not obvious that any income […]
We noted on our website in early April that in an update to agents (accountants and the like) HMRC had quietly buried an announcement that the tax return for 2022-23 would contain new boxes for reporting gains on disposals of Excluded Indexed Securities. FSL promised to respond to this new regulatory requirement and provide […]
Differentiate your service with FSL’s What-If analysis The 2023 Spring Budget included CGT allowance changes likely to affect tax reporting and planning for many wealth managers. We expected some potential relief to offset the halving of annual CGT allowance from April (from £12,300 to £6,000). This didn’t happen. As it stands, an estimated quarter of […]
Capital gains reporting is a crucial part of any investment process, yet capital gains calculation itself can be challenging. However, the process can be simplified with the use of historical data. Historical data on investments can span decades from the inception of a holding through name changes, stock splits, mergers, de-mergers and all the various […]
Our team has been hard at work analysing the Spring Budget. Here we will provide a summary of the tax changes which may affect our clients, and below we will delve into the detail and give our thoughts on what the Spring Budget, together with the announcements in the Autumn Statement, will mean for the […]
The Private Banking and Wealth Management Conference took place this March, offering a forum for discussion on the challenges and innovations within the industry. FSL were a sponsor at the Conference, and the team had the opportunity to meet with delegates and share more about the company at the FSL stand, while also attending the panel events.