Hi, does anyone know of tax software that will essentially calculate the gain on disposal of shares using the "matching rules". Presumably software does exist where you can enter the acquisition and disposal dates for a certain company share and the software will calculate the gain or loss arising on the particular sale. I have a client who has just become active in share buying and selling (I do not believe it would amount to a trade as yet), and I would like to save some time by not having to go through each sale and look for same day acquisition, next 30 day acquisition and the construct the s104 pool.
Your help would be appreciated.
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3 rules
Sales and Purchases matched on same day
Sales and Purchases matched over 30 day rule
Remainder are pooled.
Sadly the only software I know is excel spreadsheet.
I too would love some software
Various
CCH has a product (CCH CGT and Dividend Scheduling) and I am sure many of the other software providers also have similar products. Wealthworks has a Trust package that I believe also does what you need and can be adapted for private client work. Cost of these is I am sure another matter, particularly when you are using for only a couple of clients!