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New CGT Online Calculator
The government is to provide an online calculator that will allow taxpayers to calculate their chargeable gains for capital gains tax (CGT) purposes. Taxpayers will also be given the opportunity to pay any CGT liability ahead of the self assessment due date. Although it is unclear why a taxpayer would choose to do this, the policy costing anticipates that a number of taxpayers will indeed take up this option. This facility will be available from October 2016.
Posted in: Tax
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