South African Capital Gains Tax Component
Asset Arena Taxation is a calculation and reporting application that helps streamline the management of capital gains tax and Section 24J liabilities. From
tracking asset movements and portfolio values, through to net gain or loss figures, Asset Arena Taxation processes traditional segregated funds as well as unit trusts and individuals at the frequency you choose. The application supports a broad range of instruments subject to capital gains tax, including Section 24J, and incorporates the core valuation methods. The system’s robust functionality handles the calculations and transforms data into actionable insight for your firm.
Features
- Tracks movements and values intra-daily, daily or at a frequency you determine
- Incorporates core valuation methods: WAV, FIFO, SIPD (HIFO, LIFO)
- Imports data and runs it independently from back-office systems
- Incorporates S24J and accounting interest accrual calculations
- Supports all clearance methods (45-day rule, S24J 4(a) , 2-year dividend rule)
- Integrates with front- and back-office systems
- Issues standard reports and provides customization options
Benefits
- Achieves reporting consistency through a consolidated, single data repository
- Provides on-demand information access for proactive investment decision support
- Reduces the risk of unrecorded liabilities with automated data integrity checks
- Helps substantiate results and address queries using audit trails
- Accessed granular levels of information to satisfy disclosure requirements
- Processes large volumes of data on-demand, to meet your business deadlines efficiently
- Allows you to tailor reports to satisfy the preferences of your customers