Nucleus Financial has launched a free online capital gains tax (CGT) tool for its business platform, in response to adviser demand.
The calculator will allow members of the IFA-owned wrap proposition to calculate the actual and expected CGT for clients along with statements of estimates and realised capital gains. It is designed to simplify the process of determining CGT for clients in model portfolios with frequent rebalancing, as well as for those making traditional fund investments. Andrew Smith, chief operations officer at Nucleus, says: "The calculator should further empower advisers and their clients to make the right financial decisions for their individual circumstances in the current tough climate."
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