Nucleus launches free capital gains tax calculator

Nucleus Financial, the IFA-owned and controlled wrap proposition, has launched an online capital gains tax (CGT) calculator for its business platform.
The new tool allows IFA members to easily ascertain both the actual and expected capital gains tax for their clients with statements of estimated and realised capital gains. The ‘estimated gain’ is calculated based on market values less cost of acquisition on the date in question, while the ‘realised gain’ is the actual amount achieved on all assets sold over a specified time period, less cost of acquisition. This service is available free of charge to all users.

Andrew Smith, chief operations officer at Nucleus comments of the development:
“The new CGT calculator offers advisers an accurate method by which to estimate both actual and expected capital gains for their clients and should further empower advisers and their clients to make the right financial decisions for their individual circumstances in the current tough climate.
“Nucleus is committed to providing the highest quality of service possible for member-IFAs and their clients alike and the introduction of this tool is a further example of that.”