Katharine Arthur, Private Client and Trusts Partner, recently featured in Wealth Briefing, sharing her insights on the uncertainty for tax agents following the UK General Election on 4 July.

Manifestos unveiled in the weeks before the election outlined each party’s intentions should they have won. But the reality is that we won’t truly have a clear picture of the new government’s tax plans until the first Autumn Statement later this year.

This leaves tax agents with uncertainty regarding tax advice. Clients affected by any potential changes to VAT charges on school fees, Capital Gains Tax (CGT) or changes to the non-dom regime for example, will naturally have queries.

Offering a broader commentary on this issue, Katharine calls for a more honest and productive conversation about taxation, particularly against the backdrop of the UK’s current financial situation. Katharine goes on to share insights into some possible and practical options that the new government may have to consider in the coming years. You can read more on Wealth Briefing here.

We’re advising clients in anticipation of the next Budget that decisive action in advance of any tax changes may be their best course of action. For further advice, contact Katharine Arthur directly.