Holly Mckay
Holly MackayFounder and CEO
Avatar

Subscribe Now

Free of Charge

Avatar
    • Home • Advice • Common questions

    Do Robo Investment platforms issue Capital Gains Tax Reports for their clients with general investment accounts?

    20 April 2021

    Question by David

    Do Robo Investment platforms issue Capital Gains Tax Reports for their clients with general investment accounts?

    Answered by Boring Money

    Hi David, thanks for the question.

    Generally speaking, a platform should provide you with a yearend statement confirming your current valuation along with charges, dividends, income and capital gains on your account.

    You have a Capital Gains allowance of £12,300 per tax year; any gains over this become taxable at 10% if a basic rate taxpayer or 20% if you are a higher rate taxpayer. Capital Gains are not reportable within ISA or SIPP/pension accounts.

    By necessity, this briefing can only provide a short overview and it is essential to seek professional financial advice before applying the contents of this article. This briefing does not constitute advice or a recommendation.

    Answered by

    Boring Money

    Here to help you understand your options and make smart money choices.

    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
    Risk warningAs is always the case with investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatment depends on your individual circumstances and may change in the future.
    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.