Last week, CenTax and Blick Rothenberg co-hosted a breakfast with private client intermediaries, to discuss the future of HNWI taxation in the UK.
The event was chaired and host by Nimesh Shah (CEO, Blick Rothenberg) and Malli Kini, (Private Client Partner, Blick Rothenberg). CenTax directors Arun Advani and Andy Summers were joined on the panel by Chris Hulatt, co-founder of Octopus Group.
Key discussion highlights included:
- The need for structural reforms to the tax base, not just tinkering with rates
- Improving the UK’s new arrivals regime
- Reforming Capital Gains Tax
- Changes to Business Property Relief and whether AIM relief is justified
- The importance of predictability (but not necessarily stability) in the tax system
The discussion offered a timely opportunity to gauge the views of tax professionals and explore the panel’s perspectives on how to strengthen the UK economy whilst meeting the Government’s present need for revenue. With the Autumn Budget approaching, these insights will help inform ongoing debates about the options facing the Chancellor.
