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Capital Gains Reporting

Capital Gains Tax is applied to individuals and trustees on gains made on certain taxable assets including collective investment schemes held within Old Mutual Wealth’s Collective Investment Account (CIA). To support you in preparing clients’ tax returns, Old Mutual Wealth has a Capital Gains Reporting tool integrated into the platform to provide you with a gain or loss position on your clients' CIA holdings.

Old Mutual Wealth’s Capital Gains Reporting tool

Our tool is designed to report on a client’s gain or loss position within their CIA only and not their overall Capital Gains Tax position. This is because Old Mutual Wealth will not know what other assets the client has or whether they have carried out any other acquisitions or disposals in that tax year. Capital Gains or losses are calculated at individual fund level within the CIA.

Image: Capital Gains tax reportFollow this link to view a sample Capital Gains Tax Report.

You can consider planning points, produce reports for notional disposals and review the transaction history behind the Capital Gains Report. The tool also allows you to look at existing holdings and plan “what if” scenarios to calculate effective disposals strategies.

You can run a report by clicking on the 'reports' option when viewing a client on the platform who holds a Collective Investment Account. Clients do not have access to this tool.

Further support

To support the use of the tool we have the following resources available:

Re-registered or migrated funds

The tool calculates gains or losses based on the current value of a fund compared with its ‘take on’ position (or acquisition cost). The tool enables the “take on” position of re-registered or migrated funds to be amended, as the values shown are at the date of re-registration. Please read page 18 of the user guide for instructions on how to do this on the tool.

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