We are pleased to confirm that the Capital Gains Tool is now active!

The Capital Gains tool can be found within the client profile and accessed by clicking on the 'Capital gains' tab. 

This is also available through the platform, via the /Account/summary & /Portfolio/summary & /Position endpoints.

Full information can be found using the following links.

- Capital Gains Tool – Söderberg & Partners Wealth Management

- Capital Gains Tax - Important notes, Disclaimer and alerts

What is still to come and unsupported features

Downloading the report (currently in development)

This feature will be delivered in the near future. Users will be able to download all of the information provided by the CGT tool as an Excel file.

Managing 'from' and 'to' dates for the offshore reporting flag

We support all offshore reporting funds that have maintained this status since 06/04/2023. In subsequent releases, we will include historical management of this flag and its use for CGT calculations.

Offshore non-reporting funds

At the moment, we don't support CGT calculations for positions maintained in offshore non-reporting funds. However, this will be made available in subsequent releases.

Excess reporting income (ERI) and adjustments to book costs

UK investors are taxed on their full share of reportable income, even if it hasn't been distributed. The difference per unit between your reportable income and the income  distributed to you is known as ‘excess reported income’ (ERI).

Our tool currently supports offshore reporting funds, but we don’t provide the ERI data to allow customers to report the appropriate income amount to HMRC, nor do we adjust bookcosts to account for this income.

Supporting matching across ISINs and across accounts

We don’t currently support matching across accounts for the same asset or across ISINs.

Contact details

Feel free to email us on servicecentre@soderbergpartners.com or call us on 0117 463 5100. Our phonelines are open Monday to Friday, 9am to 5pm.