Bravura upgrades Garradin solution
Bravura Solutions has upgraded its Garradin private wealth and portfolio administration solution to accommodate recent tax changes.
The company announced this week the upgrade related specifically to changes to Subdivision 124-G and 124-H of the Income Tax Assessment Act 1997, affecting the application of roll over tax treatment for shares.
It said the Garradin tax platform would provide clients flexibility in tax reporting and consistency with current tax legislation.
Bravura head of portfolio solutions Darren Speirs said supporting legislative change and ensuring the company's solutions allowed clients to meet tax requirements at all times - with minimal operational disruption - was core to its offering.
The enhanced Garradin tax platform allows users to configure an asset against capital or revenue. Corporate actions that result in rollover relief can be applied to both capital and revenue based assets.
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