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Taking on tax returns

14 January 2008

Timetotrade.eu has launched a new tax management product that helps investors calculate and manage their capital gains tax (CGT) and income tax liabilities for share-related transactions.

In preparation for the 31 January tax return deadline, Timetotrade calculates investors’ capital gains and losses based on the HMRC share identification rules.

It includes support for indexation, taper relief, and offsets current and brought forward losses against gains to determine your tax liability.

The tax tools help investors complete self-assessment CGT and income tax returns and generate UK Inland Revenue form 185 for investment clubs.

Dary McGovern, managing director of Sensatus, the developers behind Timetotrade, says: ‘We have been working closely with private investors and the UK Shareholders Association during the development of Timetotrade. In doing so, it quickly became apparent that a solution was needed that would help investors determine their tax liability.’

To access the tax tools, visit www.timetotrade.eu

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