The changes to capital gains tax proposed by the Chancellor in his October 2007 "Pre-budget" statement mean that you may have to pay substantially more capital gains tax if you sell assets that you own, after 5 April 2008 instead of before.
The major benefit of using this program is that TaxCalc calculates:
Regardless of the scenario, TaxCalc's Capital Gains TaxChecker has been developed to help you understand exactly what your Capital Gains Tax liability might be if you sold in this tax year as opposed to selling after the proposed changes take effect on April 6th 2008.
Please note that draft legislation is yet to be published relating to Entrepreneurial Relief, therefore the calculations are based purely on the proposals as described in HMRC’s statement.
Provides the ability to compare the tax payable using the existing rules and the proposed new rules to determine the capital gains tax liability pre and post April 5th 2008 for every asset that you may wish to dispose of. It also provides an overall summary of all asset disposals and the potential capital gains tax due, allowing you to make an informed decision before April 2008. Create a Capital Gain TaxChecker scenario for one person, with an unlimited number of asset disposals.
CD-ROM Version (+ £4.99)
Allows the preparation of 'Unlimited' asset disposal scenarios illustrating the Capital Gains Tax liability pre and post April 5th 2008. It also provides an overall summary of all disposals and the potential capital gains tax due. Create a Capital Gain TaxChecker scenario for all clients with an unlimited number of asset disposals.
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