TaxCalc Launches Capital Gains TaxChecker
TaxCalc.com, provider of tax software solutions, this week announced the launch
of Professional TaxCalc Capital Gains TaxChecker, the first financial tool on
the market that allows accountants to determine how much extra, or less CGT
will be payable on their clients assets if they were sold on 5 April or 6 April
2008. Tracey Ebdon-Poole, CEO of TaxCalc.com, explained that: “The proposed changes have attracted a lot of media attention and many
accountants are receiving enquires from their clients asking how they will be
affected. People know they could end up paying thousands more or thousands less
in CGT, but have been unsure how the 2008 changes will affect them." To address this problem, TaxCalc has launched Professional Capital Gains TaxChecker
to help accountants calculate what their clients' Capital Gains Tax liability
might be. This information will allow accountants to advise their clients so
that they can make informed decisions in terms of whether they should dispose
of the assets this tax year, or after 6 April 2008. Ms. Ebdon-Poole went on to add: “The expected reintroduction of retirement relief up to GBP100,000 has
been welcomed by advisers and the business community, but with a maximum value
of GBP18,000, it will still leave many business clients with significantly higher
bills. For other clients, the outcome can vary considerably depending upon the
length of ownership and tax band." “We believe that TaxChecker will be a key planning tool for accountants,
in terms of time saving and providing advice to their clients.” .
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