AJ Bell has launched a tool to help advisers monitor and manage client capital gains tax (CGT) liabilities.
The tool allows advisers to see capital gains and losses for each investment held in general investment accounts (GIAs) on the AJ Bell Investcentre platform. Advisers can then estimate how future asset sales will affect clients' CGT position using ‘what-if' scenarios that allow advisers to enter projected asset sale amounts on holdings in client portfolios. To report on a client's overall CGT position, advisers can adjust figures to include gains made outside the AJ Bell GIA. Book costs -the price paid for investments - can also be edited if they have been transferred onto the AJ Bell...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes