Advisers Raise Concerns over CGT Reporting Gaps on Platforms

Why It Matters

Inaccurate CGT reporting can distort client tax liabilities and erode adviser‑platform trust, potentially prompting regulatory scrutiny and platform churn.

Key Takeaways

• 30% of advisers report higher CGT activity in 2025.
• 1 in 6 advisers doubt platform CGT accuracy.
• Reduced allowances drive complex fund switches and Bed & Isa calculations.
• Re‑registration processes cause inconsistent book‑cost reporting.
• Advisers demand integrated CGT calculators and tax‑statement reporting.

Pulse Analysis

The UK’s recent capital gains tax reforms—lowering annual allowances and adjusting rates—have sent CGT receipts soaring, with a 69% jump in January alone. This policy shift pushes more investors into taxable territory, forcing advisers to incorporate CGT considerations into virtually every portfolio move. The surge in reporting activity has exposed the thin margin between compliance and client service, making accurate tax data a competitive differentiator for platforms that want to retain high‑value advisory relationships.

Platform operators, however, are struggling to keep pace. The Lang Cat’s research highlights fragmented data capture, especially during re‑registrations when assets migrate between providers. Variations in how book costs, transfer charges, and closed‑account details are recorded create a patchwork of CGT figures that advisers cannot rely on. Such inconsistencies not only increase manual reconciliation work but also raise the risk of client under‑ or over‑payment, exposing firms to potential audit findings and reputational damage.

In response, advisers are demanding built‑in CGT calculators and the inclusion of tax‑statement line items directly within platform reports. These features would streamline planning, reduce errors, and align platform outputs with the evolving regulatory environment. While current UK rules do not obligate platforms to furnish CGT statements, market pressure may drive voluntary standards or prompt future legislation. Providers that proactively enhance their tax reporting capabilities are likely to win advisor confidence and secure a stronger foothold in an increasingly tax‑sensitive market.