Online tax elections let you customise each of your clients' Wrap Tax Reports to suit their individual needs.
You have options for managing:
- Cost base for capital gains tax – FIFO (default), minimum gain or specific parcel selection, and
- Tax treatment of adviser fees – Unallocated (default), deductible or non-deductible.
You can’t make a tax election for adviser establishment fees, which are treated as non-deductible.