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PBR: CGT decision could offer tax opportunity for investment firms

The introduction of an 18 per cent flat rate for Capital Gains Tax could give investment firms the green light to launch new capital based investments to attract clients, according to Mazars Financial Planning CEO Paul Willans.

Willans says that although the full details have yet to be divulged the move will allow investors to take money out of cash deposits – that could be paying as much as 40 per cent income tax – and place them in investments that can offer returns of up to £9,200 a year as of April 2008, whilst paying the standard 18 per cent CGT on the remainder.

He says: “This will be manna from heaven for the UK’s investment industry, who will seize this, perhaps unintended loophole, and will be creating low-risk investments that will be subject to CGT rather than income tax. Of course, capital based investments may not be suitable for widows and orphans, but the potential for halving the tax burden will make an element of volatility acceptable to most investors.”


A Shaw thing

Sam Shaw is a reporter on Money MarketingAfter only a day back in the office after a lovely, though not sunny, week off in Majorca, I was up in the middle of the night to catch a flight to the land of Guinness, leprechauns and the magnificent but slightly scary-sounding Druid’s Glen resort, about an […]

Advisers challenged to grab initiative on RDR

Advisers must set down their own agenda on the retail distribution review or they will “deserve the best the FSA gives us”, says Aifa.Speaking to Money Marketing at the Conservative party conference in Blackpool last week, Aifa director general Chris Cummings said its Manifesto for Advice group will publish its finding next year aimed at […]

Advisers welcome NU move to revamp protection range

Advisers have welcomed Norwich Union’s decision to undergo a complete redesign of its protection range and research a guaranteed protection product.Money Marketing last week reported that the firm is scrapping its current protection range and “starting from a clean sheet of paper” in a bid to meet consumers’ protection needs.MM also revealed that NU is […]

Show me the money – earnings are central to performance in Europe

Equity markets globally currently remain vulnerable to sharp shifts in sentiment caused by either unexpected or unwelcome outcomes in key upcoming political events (the US and German elections, Brexit and the Italian referendum). These top-down influences, combined with the current low global growth environment, will likely lead to broadly directionless markets, and prolong the current low beta return environment. We do, though, […]


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