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

20 April 2021

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Question by David

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


Answered by Robbie Branfield

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

Robbie Branfield

Financial Adviser

He began his career in financial services after graduating from Swansea University in 2015. He completed an Apprenticeship in Financial Planning in 2019 and is currently working towards Chartered Status.