The CGT tool, which has been in testing with a group of clients, is an addition to its Narrate client reporting suite.
Advisers will be able to access all of their clients’ general accounts in a single view. Additional clients can also be added to enable reporting across spouses or other connected clients.
Other features include the automatic carry over of acquisition costs for inter-account transfers, the ability to rebase costs for deceased clients or in the event of a UK tax status change, and a range of report output options, including a full history of each account’s CGT-related transactions and distributions.
“We are always looking for ways to help advisers and their clients to invest and manage money,” said Andrew Smith, chief technology officer at Nucleus.
“Technology is at the heart of our business and as a result we are constantly looking for ways in which we can upgrade the platform and its user experience. Having spoken to our audience, we recognised the importance of capital gains tax planning to advisers and have taken this step to help improve their processes.
“We have been able to implement these improvements thanks to our recent investments in technology and by having a really engaged user base.”
Although the testing period is over, Smith said Nucleus would still welcome feedback on the developments.
