Top Recommended Tax and Trusts

The Common Reporting Standard can make things tricky for clients, says Daniel Sopher, who has been running Sopher + Co since 2014. ‘Often they have to prove that something isn’t taxable. It can be difficult to prove a negative, but we have to give HMRC confidence that everything is above board.’ Sopher spends much of his time mediating, and prides himself on his ability to foresee issues and prepare accordingly – unlike our recent government. ‘I think certain taxes are causing markets to behave dysfunctionally,’ he tells Spear’s. ‘The high level of stamp duty on real estate is affecting the market; it’s actually raising less.’ Something for our new prime minister to ponder…