Topic results Funds

CCH Trust Accounts
Using funds
The document outlines the functionalities of Trust Accounts, detailing how funds are created and managed for different beneficiaries. It emphasizes the importance of fund consolidation and separation for accounting and CGT (capital gains tax) purposes. Various methods to keep beneficiary records distinct are described, including using nominal accounts, divisions, or establishing separate clients for each beneficiary. It also provides instructions for creating new funds within the CCH Trust Accounts system, including setting fund types, descriptions, and options for CGT treatment. Overall, it serves as a guide for effectively managing investments in Trust Accounts.
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CCH SecTax
Fund Set Up
This document outlines the setup and management of funds within a client's investment portfolio, allowing for the organization of holdings into separate funds, up to 99 per client. It details actions such as creating, editing, and deleting funds, alongside defining fund types and reporting measures for capital gains tax (CGT). Specific fields for fund attributes, like description and consolidation options, are highlighted. Additionally, an example of fund allocation for a client, Mr. Roberts, is provided to illustrate practical application. The document concludes with instructions for navigating the related software interface.
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CCH Trust Accounts
Funds
The document discusses the classification of investments in a client’s investment ledger into funds, usually linked to different beneficiaries. It describes the aggregation of holdings for capital gains tax (CGT) and the option to set up separate accounts for each beneficiary. It also mentions the use of funds to track tax-exempt accounts like ISAs. Users can log into a fund for focused investment data entry and reporting. The document provides a step-by-step guide for generating investment reports sorted by fund.
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