Alphalife

   

Alphalife is a comprehensive software solution that allows organisations to manage the preparation of their life tax computations. With unprecedented levels of automation and advanced technology, organisations and users can streamline the computation process. Alphalife is seamlessly integrated with Alphatax.

Features include:

  • Any number of with profit and non profit funds
  • Proprietary or mutual status for company and/or PHI business
  • Composite, friendly societies and Case I basis also supported
  • Tax accounting under IFRS and UK GAAP
  • Policyholder tax basis (gross up, HMRC formulae or manual input)
  • Shareholder assimilation basis (% or manual))
  • Tax charge summary
  • Summary of profits chargeable
  • Relevant profits
  • Excess adjusted Case I profits
  • I-E computation
  • Notional Case I computation (“NCI”)
  • Case VI computation
  • PHI computation
  • Chargeable gains and allowable losses summary
  • Unit trust deemed disposals including spreading calculations and loss carry backs
  • BLAGAB loan relationships
  • BLAGAB management expenses and spreading of acquisition costs
  • Shareholders income
  • Schedule A business
  • Calculation of section 432A percentages
  • Section 432A allocations of income and gains
  • Allocation of capital allowances and interest
  • Section 432C and 432E allocations
  • Business transfer adjustments
  • Financing arrangement funded transfers
  • Policyholder taxation summary
  • Summary analysis reports

For more information or to book a presentation, please contact us and ask to speak to a member of our new business team.