Capital Gains
Our new Capital Gains software has been released in time to assist with the completion of the capital gains tax (CGT) pages of the 2006/07 tax return. It contains an investment ledger and a capital gain calculator.Like all Digita products it has an intuitive design and will take the pain out of managing asset transactions and calculating gains for individuals and joint investments.
Digita Capital Gains software provides an investment ledger and capital gains calculator that enable you to monitor asset transactions for your clients, and calculate gains or losses on chargeable disposals.
An integrated feed of corporate actions such as scrip and rights issues, mergers, de-mergers and takeovers is available and provides significant cost savings over the alternative of researching share histories in books and online media.
Download the product PDF for more information.
Key Features
Investment LedgerThe assets that can be created and managed in the investment ledger are Quoted and Unquoted shares, Unit Trusts, Government Securities, Land and Property, Non-Qualifying Corporate Bonds and Qualifying Corporate Bonds.
The investment ledger lets you manage asset transactions over multiple portfolios per individual. You can store the taper status of each asset over the period of ownership and also manage percentage of ownership for joint investment assets.
When disposal transactions are created and they result in a chargeable disposal, Digita Capital Gains will automatically calculate the gain/loss arising.
You can produce tax year specific capital gains reports as well as asset transaction reports.
Capital History
Digita Capital Gains lets you enter corporate action events, including consolidations, demergers, mergers, rights issues, scrip issues and stock splits for all equities created.
When a corporate event has been created Digita Capital Gains performs a search to identify all clients that are affected. All corporate events that are mandatory and only have one result are completed automatically by the system and a review flag is set against both the client and their asset. All events that are either optional or have more than one offer have an important flag set. When the user has selected which offer was taken, Digita Capital Gains will automatically calculate the cost adjustment and additionally create any new assets that are necessary.
There is a basic query tool so that corporate action and affected client reports can be generated.