2021 has been another remarkably stable year for the private client industry, with very few changes to the tax regime and little of note in the Autumn Budget. Despite wide speculation that reforms to the capital gains tax and inheritance tax regimes, or even the introduction of a wealth tax, may be used to form part of the covid-19 strategy, nothing has materialised. As with previous years, there has been a continued focus on transparency. A newer area of focus has been the taxation of cryptoassets.
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2021 has been another remarkably stable year for the private client industry, with very few changes to the tax regime and little of note in the Autumn Budget. Despite wide speculation that reforms to the capital gains tax and inheritance tax regimes, or even the introduction of a wealth tax, may be used to form part of the covid-19 strategy, nothing has materialised. As with previous years, there has been a continued focus on transparency. A newer area of focus has been the taxation of cryptoassets.
If you are not a subscriber, subscribe now to read this content.
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