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TaxCalc Launches Capital Gains TaxChecker

by Carla Johnson, Investors Offshore.com, London

06 December 2007


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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