at your Business Accountants we support investment owners with the YBA Wealth Portal
If you own an investment you will be facing a potential capital gains tax on the profit you make once you sell your investment. This means that to prepare the calculation you will need to have all the details of :-
the offer and acceptance when you bought your asset
the purchase documents for your asset
expenses incurred on your asset which have not been claimed against income
details of costs incurred on the improvement of your asset
Interest expenses incurred during the ownership of your asset which have not been claimed against income
Depreciation Schedule information of claims made
All these documents need to be kept throughout the ownership of your asset as well as for approximately 5 years after sale.
That could be a long time to keep paperwork.
To make it easier for you and to keep track of the asset during it's ownership we have introduced the YBA Wealth Portal. It provides a central document area to keep everything together.
Ultimately you will only pay the tax you have to and not extra because you are missing important documents, which you would have to produce to the tax man is requested.