CGT

There is no doubt that the UK's CGT rules are the most complex in any of the major financial countries. Not only that, they are constantly being changed. The ability to monitor and model CGT positions for both single and groups of clients in real-time is a powerful addition to a fund manager's armoury. InVantage CGT is fully compliant with the current regulations including S104 (1982-1998) and 4/98 to ensure that CGT positions are reliably and accurately calculated.

Using this functionality, the manager is able to model certain types of disposals to see what effect these would have on the overall CGT position. If the results are attractive, a single click will generate these as orders into the Order Management module.

Holding totals and CGT year to date figures are shown for individual clients as are Net CGT P&L figures for proposed CGT orders. Not only can quantities of stock disposal be modelled but the user is also able to raise a certain amount of gain and let the system calculate the number of shares to sell to realise this - a real plus towards the end of the tax year.

Click for more information on CGT (PDF 215kb).