In Voyant we use unwrapped investments as the catch-all category for all manner of taxable investments that are not subject to the special tax treatments enjoyed by certain investment products such as stocks and shares ISAs, bonds (onshore and offshore life funds), Venture Capital Trusts (VCTs), Enterprise Investment Schemes (EISs), offshore taxable accounts, Discounted Gift Trusts (DGTs), and a broad range of other trusts. These special types of investments are all modeled separately under their respective investment Type.
OEICs, unit trusts, equity holdings, stocks and shares, individual equities, businesses and even properties can all be modeled under the guise of unwrapped investments. Unwrapped investments are taxable, being subject to potential Capital Gains Tax (CGT), provided that the investment is modelled as having capital appreciation. Basic rate tax is also deducted automatically from capital growth, unless the software is specially set not to take these deductions annually. Unwrapped investments can also be set to yield annual dividends and interest, when appropriate.