Top five challenges to affect UK advisers in 2016
23 Dec 15
Clapton Consultants, a chartered accountancy practice supporting small IFAs, gives its view of the top five challenges facing the sector in 2016.
5. Buy to let exodus
The Chancellor’s decision to increase stamp duty on Buy to Let and second homes by 3% following his earlier decision to reduce interest rate relief will lead many landlords to reconsider the allocation of their investments. Achieving a comparable, tax efficient return for clients in the current market could present a significant challenge. This offers an opportunity for accountants and advisers to work together to create and effect a tax efficient financial plan to achieve the best possible client outcome.
Tags: Wealth Management
