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bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 4191
Experience:  FCCA FCMA CGMA ACIS
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I'm looking capital gains tax calculator that allows

Customer Question

Hi
I'm looking for a capital gains tax calculator that allows me to input short sales/buy to cover as well as usual buy/sell trades?
thanks !
Submitted: 2 years ago.
Category: Tax
Expert:  bigduckontax replied 2 years ago.
Hello, I am Keith, one of the experts on Just Answer, and happy to help you with your question.
I assume that you refer to capital gains and losses on stocks and shares; am I correct?
Customer: replied 2 years ago.

yes thats correct

Expert:  bigduckontax replied 2 years ago.
Here are a few suggestions:
http://www.timetotrade.co.uk/
http://www.cch.co.uk/croner/categoryDetails/category/Tax-Software/CGT-and-Dividend-Scheduling
http://www.meridian-software.co.uk/cgt.htm
Some users swear by a product from Iris, but warn that it is expensive.
Personally, when I was involved in heavy share trading years ago (I pulled out of the stock market just before it all went pear shaped), I maintained the details on a spread sheet. Don't forget that losses offset gains within the tax year and that you have an Annual Exempt Amount of 11.1K [15/16 tax year; it was 11K last year] as a further offset.
I do hope I have been able to point you in the right direction. Most of these systems can be seen before you purchase, but a home made spread sheet comes free!
bigduckontax and other Tax Specialists are ready to help you
Expert:  bigduckontax replied 2 years ago.
Thank you for your support.