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This is the TimeToTrade help wiki. Use the TimeToTrade Trigger Trading Technology™ to execute your trades when Price, Candle Stick, Trend Line, Volume and Technical Analysis chart conditions are met - no coding required. Trade directly in the world’s global markets. Backtest your Trading Strategies. Calculate your UK HMRC Capital Gains Tax liabilities. Manage your Investment Club.


How to Complete SA108 Pre-2008

Introduction

The timetotrade tax management products help investors calculate and manage their UK Capital Gains and Income tax liabilities for share-related transactions. The timetotrade tax management products provide investors with a collective view of their tax situation, and enables investment disposal scenarios to be modelled in order to maximise tax breaks and work within yearly tax allowances. The tax tools can be accessed by investors from any web browser by clicking here


timetotrade calculates investor’s Capital Gains and Losses based on the HMRC Share Identification rules. It includes support for Indexation, Taper Relief, and offsets current and brought forward losses against gains to determine your tax liability. The information provided helps investors complete Self Assessment Capital Gains and Income tax returns, mainly SA108 and SA100.


Dary McGovern, Managing Director of Sensatus, the developers behind timetotrade commented “We have been working closely with private investors and the UK Shareholders Association during the development of the timetotrade tax product. In doing so, it quickly became apparent that a solution was needed that would help investors determine their tax liability. Using timetotrade investors can now do that.”


This help section discusses the information presented on the Capital Gains page within the timetotrade Accounts tab. For more information on how to set up your Account ledgers and input your investment transactions, please refer to the Capital Gains Tax User Manual.


From the outset, the Capital Gains page has been designed to serve three functions:

  1. To aid investors calculate and manage their UK Capital Gains Tax (CGT) liabilities resulting from share transactions
  2. To provide the information necessary to complete the Capital Gains tax returns for share related transactions
  3. To notify users when they are required to submit a Capital Gains tax return


The Capital Gains page is laid out in three sections, which comprises of Summary information, Realised Gains and Realised Losses as illustrated in the following screen shot:


CGT 1-1.png


At a glance the Capital Gains page can initially seem a little overwhelming given the volume of information provided, however this is because it provides all of the information required to complete HMRC Capital Gains Self Assessment form SA108 and manage your tax liabilities. Over the course of this help section we will explain the various fields and how the information can be used to complete your Capital Gains tax return, SA108. In addition to explaining how the information can be used to complete SA108, we will also explain how you can use the Capital Gains page to determine your CGT liability.


Please note, that although Sensatus has made its best endeavours to ensure that any content provided is accurate and complete, the content is based on a set of assumptions and does not cover all scenarios. Before using any of the content provided for the completion of HMRC tax returns or other purposes, you must consult with a professional tax advisor.



Summary

Losses

The losses section provides a summary of your annual exemption for the selected tax year, the current year's losses, and losses brought forward (b/f), as illustrated in the following screen shot:

CGT 1-2.png


The default annual exemption is based on a single allowance for the selected tax year, which can be manually adjusted for joint allowances by clicking on the edit button in the losses section. Clicking on the 'edit' button will also enable you to adjust the losses brought forward from 1996/97 and later tax years and the losses brought forward from the pre 1995/96 tax years. The HMRC differentiate between the two classes of brought forward losses, as losses incurred during or before the 1995/96 tax year did not have to be claimed before they could be offset against gains. Losses brought forward from 1996/97 and post tax years have to be claimed via submitting the HMRC Capital Gains Self Assessment form SA108, before they can be offset against Capital Gains.


To change the default annual exemption and brought forward losses, you firstly click on the 'edit' button as illustrated:

CGT 1-3.png


You then edit the values in the text boxes, and when finished click on the update button.


The current year's losses and losses brought forward are used to offset realised gains in accordance with the Revenue guidelines. The current year's losses that are offset against realised gains line items in the Realised Gains section, are displayed under the column titled, allowable losses for this year. The brought forward losses that are offset against realised gains line items, are displayed under the Realised Gains column titled losses brought forward.


The methodology for distributing the losses against realised gains for a given tax year is beyond the scope of this help section, however detailed information can be found in the HMRC Capital Gains Manual.


Transaction Summary for Year

The transaction summary section for the selected tax year provides a break down of the following information:


CGT 1-4.png


  • number of transactions - the total number of disposal transactions for the selected tax year
  • total chargeable gain - the total chargeable gain after indexation, which is before offsetting losses and the application of taper relief for the selected tax year
  • total loss - the total losses arising for the selected tax year
  • net gain/loss - the total chargeable gain less the total loss


Unused Annual Exemption

The unused annual exemption is calculated by subtracting the sum of taxable gain after taper relief as defined in the realised gains section, from the annual exemption. The resulting figure displays your remaining unused annual exemption for the selected tax year.


CGT 1-5.png


When you have completely used up your annual exemption for the selected tax year, the unused annual exemption figure will be reduced to zero. When disposing of assets while staying within your annual exemption Capital Gains limits, the objective is to reduce your unused annual exemption and the unused total losses to zero or as close to zero as possible, without incurring a CGT liability. The total tax liability section displays your tax liability when you have exhausted your annual exemption, current year's losses and losses b/f.


Unused Total Losses

The unused total losses presents the remaining losses that have not been offset against gains for the current tax year. The unused total losses figure is calculated by subtracting the sum of the allowable losses for this year and the losses brought forward, from the sum of the current year's losses and the losses b/f.


CGT 1-6.png


At the end of the selected tax year, any unused losses can be carried over to the next tax year. Please note that the Revenue require that you have to claim realised losses for a given year, before they can be carried over and used to offset gains in a later tax year. To claim a loss for a given tax year, you have to return SA108 to the HMRC. Should you have to return SA108 a message will be displayed advising you of the reasons why as per the following screen shot example:


CGT 1-7.png


Losses set against gain

The various fields in the losses set against gain section, provide a summary of the losses that have been set against gains for the selected tax year. The losses are automatically set against realised gains by timetotrade in line with the HMRC guidelines.


CGT 1-8.png

The losses are calculated as follows:

  • this year - the sum of the allowable losses for this year which have been set against gains. The allowable losses are distributed from the current year's losses.
  • post 1996-97 - the sum of the losses brought forward from the post 1996/97 pool of losses, which was been offset against realised gains.
  • pre 1995-96 - the sum of the losses brought forward from the pre 1995/96 pool of losses, which was been offset against realised gains.


When chargeable gains are offset with losses brought forward from the post 1996-97 and pre 1995-96 pools of losses, timetotrade uses only enough losses to reduce the chargeable gains, before taper, to the level of the annual exemption amount as per the HMRC guidelines. Loss from the post 1996-97 pool of losses must be used in priority to any other losses you may have from pre 1995-96 pool of losses. Current year allowable losses must be fully set against that gains for that year before you can carry them forward.


Unused Losses

The section provides a detailed break down of the unused losses from the current year's losses and the post 1996-97 and pre 1995-96 pools of losses.


CGT 1-9.png

When all losses from the various pools of losses have been offset against gains, the unused losses figures will be reduced to zero. At the end of the tax year, you can determine what losses have to be brought forward to the next tax year, and if the current year's losses is greater than zero, these losses will have to be claimed by submitting SA108 to the HMRC. As discussed earlier, timetotrade will notify you when SA108 has to be returned.


Total Taxable Gains

The total taxable gains provides a summary of the taxable gain after taper relief. When this amount is greater than the annual exemption you will be subject to Capital Gains tax.

CGT 1-10.png


If you wish to model the disposals of investment transactions with the objective of maximising your annual exemption without incurring a CGT liability, the objective is to dispose of assets until the maximum total taxable gains has reach the the annual exemption threshold.


Total Tax Liability

The total tax liability figure provides a summary of your Capital Gains Tax liability for the selected tax year, which is calculated by summing the taxable gain after taper relief for each realised gain line item.


CGT 1-11.png

The total tax liability calculated after Indexation Relief, the current year losses and brought forward losses are offset against gains, and the application of Taper Relief.


Realised Gains

The realised gains section provides a break down of the information required to complete HMRC Capital Gains Self Assessment form SA108.

CGT 1-12.png

The various columns in the realised gains section are calculated as follows:

  • description - a summary description of the disposal is provided. In the above example 8,000 shares in Barclays plc were sold short.
  • acquisition date - the appropriate acquisition date is displayed based on the relevant HMRC Share Identification rules. Please note that pre 98 transactions are given an acquisition date of 16 Mar 98 in line with the HMRC guidelines.
  • disposal date - the date of the disposal for each asset that resulted in a chargeable gain for the selected tax year.
  • disposal proceeds - the proceeds from disposing of assets that resulted in a chargeable gain for the selected tax year
  • indexation allowance - calculates the Indexation Relief that is available on shares owned between the 1982 and 1998
  • chargeable gain after indexation - this is the net gain from each disposal, after Indexation Relief, but before losses and taper relief have been applied
  • asset type - defines if the asset that was disposed of is classified as a business or non-business asset. The asset class must be manually defined when entering share transactions. For the tax year ending April 5th 2008, most AIM listed stocks where classified as 'business' assets, that attracted higher rates of taper relief.
  • taper rate - the taper rate is based on the asset type and the number of qualifying years that the asset has been held. Business and non-business taper rates are supported, however please note that the user must define the asset type class when entering investment transactions via the ledgers.
  • allowable losses for this year - there are special rules for allocating your allowable capital losses against chargeable gains, which are defined by HMRC. These rules ensure you use your losses in the most beneficial way so that gains that qualify for the greatest rates of taper reduction remain chargeable. The 'allowable losses for this year' provides a break down of how the current year's realised losses are distributed against gains, in line with the HMRC guidelines.
  • losses brought forward - based on the HMRC guidelines for the allocation of losses against gains, this section provides a breakdown of how brought forward losses from post 1996-97 and pre 1995-96 pools of losses are set against gains.
  • taxable gain after losses - the current year's losses and the brought forward losses are subtracted from the chargeable gain after Indexation to determine the taxable gain after losses.
  • taxable gain after taper relief - the remaining taxable gain after losses is multiplied by the taper rate associated with the realised gain line item to determine the taxable gain after taper relief.



Realised Losses

The realised losses section provides provides a break down off the information required when reporting losses from the disposal of assets when completing HMRC Capital Gains Self Assessment form SA108.

CGT 1-13.png

The various columns in the realised losses section are calculated as follows:

  • description - a summary description of the disposal is provided. In the above example shares in Barclays plc were sold short.
  • acquisition date - the appropriate acquisition date is displayed based on the relevant HMRC Share Identification rules. Please note that pre 1998 transactions are given an acquisition date of the 16 Mar 98 in line with the HMRC guidelines.
  • disposal date - the date of the disposal for each asset that resulted in a realised loss for the selected tax year.
  • disposal proceeds - the proceeds from disposing of assets that resulted in a realised loss for the selected tax year.
  • relief claimed - sum of any elections made, relief's claimed or due.
  • losses arising - Loss arising from the disposal of assets.



Why and when to complete SA108

You must return SA108 to the HRMC if one or more of the following conditions are met for the tax year ending 5th April 2007:

  • you disposed of chargeable assets in the year to 5 April 2007 worth more than £35,200
  • you have allowable losses which must be deducted from your chargeable gains for the year and your chargeable gains before deducting losses and applying taper relief total more than £8,800
  • you have no allowable losses which must be deducted from your chargeable gains for the year and after applying taper relief your taxable gains total more that £8,800
  • you want to claim an allowable capital loss or make any other Capital Gains claim or election for the year.


If any of these rules are met, timetotrade will display a message at the top of the screen and explain the reasons why below the realised gains section as per the following screen shot example:

CGT 1-14.png


How to complete Self Assessment Capital Gains form SA108 for the tax year ending 5th April 2007

This help section discusses how to use Capital Gains information provided to complete HMRC Self Assessment Capital Gain tax return form SA108. Please note, that although Sensatus has made its best endeavours to ensure that any content provided is accurate and complete, the content is based on a set of assumptions and does not cover all scenarios. Before using any of the content provided for the completion of HMRC tax returns or other purposes, you must consult with a professional tax advisor.


When completing SA108 for the purpose of reporting gains or losses on quoted shares or other security transactions, the pages that have to be completed are CG1 or CG2 and CG3, then CG8:

  • CG1 - Page CG1 has been designed to simplify the reporting requirements for quoted shares or other securities. CG1 should only be used if all your transactions were in quoted shares or other securities and cannot be used to claim taper relief or for shares that were held on the 31st of March 1982, or if you are claiming a relief. Where CG1 can not be used, CG2 and CG3 should be used.
  • CG2 & CG3 - Pages CG2 & CG3 should be used to claim taper relief, indexation relief, and for shares held at 31 March 1982, or if you are claiming other relief.
  • CG8 - Page CG8 must be completed along with either CG1 or CG2 &CG3. It provides a summary of Chargeable gains and allowable losses plus a break down of Capital Losses


Pages CG4 through to CG7 are used for reporting assets other than quoted shares or other securities and are therefore not required for reporting gains or losses on quoted shares or other security transactions.


The following sections discuss how to complete pages CG1, CG2, CG2 and CG8 on SA108 using the information provided on timetotrade Capital Gains product. For a more detailed description of how to complete SA108, please click here: HMRC SA108 Notes on Capital Gains


How to complete page CG1 of SA108

The following image is from page CG1 on SA108:

CG1.png

CG1 should be completed if you have only disposed of quoted shares or securities and do not have to claim Indexation Relief or Taper Relief. In the realised gains section of the timetotrade capital gains product, if the indexation allowance for all of the realised gain line items is £0.00 and the taper rate is 100%, then CG1 should be used rather than CG2 & CG3 as there is no Indexation or Taper Relief to claim.


Each realised gain and realised losses line item should be represented, one per line on CG1, where:

  • Column A - Enter the details of each disposal, such as the name of the company, the type of share or other securities you have disposed of and the number of shares or units, or face value of the securities which you have disposed off. timetotrade provides relevant information in the description field of the realised gains and realised losses.
  • Column B - Tick the box if you have used an estimate or valuation to calculate the gain or loss. Typically this box will not be ticked when dealing with disposal of quoted shares and securities.
  • Column C - Enter the date of disposal for the shares or securities, using the disposal date listed in the realised gains and realised losses section. The date must be entered in the format dd/mm/yy e.g. 03/06/2006 is the 3 Jun 06.
  • Column D - Enter the relevant realised gain or realised losses disposal proceeds in pounds and pence e.g. 123.45
  • Column E - Enter the chargeable gain after indexation if entering a realised gains line item, or the losses arising if entering a realised losses line item. Place brackets around any realised losses to distinguish them from gains e.g. if the losses arising for the selected realised losses transaction was £456.45, this should be entered into Column E as (456.45)
  • Column F - Use Column F to provide further information, for example:
    • if there were transaction with a connected person
    • why estimates or valuations have been used
    • if you have made a disposal of part of a larger holding of shares
    • if you have exchanged shares in a company reconstruction or take-over


After entering the realised gains and realised losses, you have to complete the following boxes on page CG1:

  • F1 - Enter the total chargeable gain from the transaction summary for year section
  • F2 - Enter the total loss from the transaction summary for year section
  • F3 - Enter the net gain/loss from the transaction summary for year section. Brackets should be used to denote a loss.
  • F4 - Enter any income losses; please consult with the HMRC or your tax adviser to confirm what losses qualify. The calculation of income losses are not supported by timetotrade. For the purpose of completing SA108, it has been assumed that no income losses are available.
  • F5 - Enter the net gain/loss from the transaction summary for year section. Brackets should be used to denote a loss.
  • F6 - Enter the value of the losses brought forward and used to offset gains. From the losses set against gain section add the post 1996-97 and pre 1995-96 amounts to determine the value of the losses brought forward.
  • F7 - Enter the total taxable gains from the summary section.

When you have completed page CG1, you should proceed to page CG8, which is discussed below.


How to complete pages CG2 & CG3 of SA108

Pages CG2 & CG3 should be used to claim taper relief and indexation relief. They should also be used when disposing of shares held at 31 March 1982, or if you are claiming other relief.

When completing CG2 & CG3 there are three sections spread across both pages that have to be completed:

  • Gains on assets which are either wholly business or wholly non-business
  • Gains on assets which are partly business and partly non-business
  • Losses

The following provides a break down how to complete the various columns in each section.


Gains on assets which are either wholly business or wholly non-business (Rows 1 to 8)

Cg2-1.png

  • Column A - For shares or securities that were either wholly business or wholly non-business assets for the period of time that you owned them, enter the description of each realised gain disposal. Enter the name of the company, the type of share or other securities you have disposed of and the number of shares or units, or face value of the securities which you have disposed off. timetotrade provides relevant information in the description field of the realised gains.
  • Column AA - Enter in each row of this column the identifying letter Q or U which corresponds to the asset or gains identified. For transactions in quoted shares or other securities, please enter Q, else entered U when disposing of unquoted shares and securities. Typically most investors trade listed shares, therefore Q is commonly entered. For transactions in U classed shares or securities, additional information is required in CG4. For the purpose of this help, it is assumed that all securities are quoted Q class shares or securities.
  • Column B - Tick the box in this column on any row where you have used an estimate or valuation in calculating the gain or loss. Please note that you have to tick the 'Yes' box in the first row of page CG8 if you tick any rows in Column B.
  • Column C - Tick the box in this column on any row in which you are recording the disposal of shares of securities you owned, or are treated as having owned, on the 31st of March 1982. Please note that you have to tick the 'Yes' box in the first row of page CG8 if you tick any rows in Column C.
  • Column D - Enter the acquisition date defined in the realised gain section on the timetotrade Capital Gains page. If the asset being disposed off was acquired on or after the 17th of March 1998, the acquisition date will be displayed as 16 Mar 98 in line with HMRC guidelines. The date must be entered in the format dd/mm/yy e.g. 16/03/1998 is the 16 Mar 98.
  • Column E - Enter the date of disposal for the shares or securities, using the disposal date listed in the realised gains section. The date must be entered in the format dd/mm/yy e.g. 03/06/2006 is the 3 Jun 06.
  • Column F - Enter the relevant realised gain disposal proceeds in pounds and pence e.g. 123.45
  • Column G - Use this column to enter Indexation Relief that is claimed. To claim Indexation Relief, enter Indexation Relief and the indexation allowance for the relevant line item from the timetotrade realised gains section, e.g. Indexation Relief £123.45

Cg3-1.png

  • Column H - Enter the chargeable gain after indexation for the relevant realised gains line item.
  • Column I - Enter 'Bus' if the asset is classed as a business asset.
  • Column J - Enter the taper rate for the relevant realised gains line item.
  • Column K1 - Enter the allowable losses for the relevant realised gains line item.
  • Column K2 - Enter any income losses; please consult with the HMRC or your tax adviser to confirm what losses qualify. The calculation of income losses are not supported by timetotrade. For the purpose of completing SA108, it has been assumed that no income losses are available.
  • Column K3 - Enter the losses brought forward for the relevant realised gains line item.
  • Column L - Enter the taxable gain after losses for the relevant realised gains line item.
  • Column M - Enter the taxable gain after taper relief for the relevant realised gains line item.


Gains on assets which are partly business and partly non-business (Rows 9 & 10)

It is not unusual for a stock that is classified as a business asset to be reclassified as non-business asset. For example if a qualifying AIM listed business asset stock left AIM and moved on the main London Stock Exchange board, it could result in it being reclassified from a business to non-business asset.

If you have held a stock that was partly a business and partly a non-business asset, you have to use rows 9 and 10 on CG2 & CG3 to report any gains made on the disposal of the shares. Currently timetotrade does not support the reclassification of business and non-business assets, however the feature is scheduled for the development and will be rolled out in the coming weeks.


Losses (Rows 13 to 16)

Cg2-2.png

  • Column A - For shares or securities that were either wholly business or wholly non-business assets for the period of time that you owned them, enter the description of each realised gain disposal. Enter the name of the company, the type of share or other securities you have disposed of and the number of shares or units, or face value of the securities which you have disposed off. timetotrade provides relevant information in the description field of the realised losses section.
  • Column AA - Enter in each row of this column the identifying letter Q or U which corresponds to the asset or gains identified. For transactions in quoted shares or other securities, please enter Q, else entered U when disposing of unquoted shares and securities. Typically most investors trade listed shares, therefore Q is commonly entered. For transactions in U classed shares or securities, additional information is required in CG4. For the purpose of this help, it is assumed that all securities are quoted Q class shares or securities.
  • Column B - Tick the box in this column on any row where you have used an estimate or valuation in calculating the gain or loss. Please note that you have to tick the 'Yes' box in the first row of page CG8 if you tick any rows in Column B.
  • Column C - Tick the box in this column on any row in which you are recording the disposal of shares of securities you owned, or are treated as having owned, on the 31st of March 1982. Please note that you have to tick the 'Yes' box in the second row of page CG8 if you tick any rows in Column C.
  • Column D - Enter the acquisition date defined in the realised losses section on the timetotrade Capital Gains page. If the asset being disposed off was acquired on or after the 17th of March 1998, the acquisition date will be displayed as 16 Mar 98 in line with HMRC guidelines. The date must be entered in the format dd/mm/yy e.g. 16/03/1998 is the 16 Mar 98.
  • Column E - Enter the date of disposal for the shares or securities, using the disposal date listed in the realised losses section. The date must be entered in the format dd/mm/yy e.g. 03/06/2006 is the 3 Jun 06.
  • Column F - Enter the relevant realised losses disposal proceeds line item in pounds and pence e.g. 123.45
  • Column G - Use this column to enter relief's claimed. Typically this field is blank when dealing with loss making share or securities disposals, but please consult with the HMRC or your tax adviser. It should be noted that Indexation Relief can not be used to create loss.
  • Column H - Enter the losses arising for the relevant realised losses line item.


CG3 Summary Boxes

Cg3-2.png

After entering the realised gains and realised losses, you have to complete the following boxes on page CG3:

  • 8.1 - Enter the total chargeable gain from the transaction summary for year section.
  • 8.2 - Enter the total loss from the transaction summary for year section.
  • 8.3 - Enter the total taxable gains from the summary section.
  • Row 11 - Relates to trusts and not dealt with by timetotrade.
  • Row 12 - Relates to trusts and not dealt with by timetotrade.
  • 8.4 - Relates to trusts and not dealt with by timetotrade.
  • 8.5 - See Column K2 notes above; leave blank if you have no Income Losses to set against gains.
  • 8.6 - Enter the value of the losses brought forward and used to offset gains. From the losses set against gain section add the post 1996-97 and pre 1995-96 amounts to determine the value of the losses brought forward.
  • Total taxable gains (8.3 + 8.4) - Enter the total taxable gains from the summary section.


How to complete page CG8 of SA108

There are two parts to CG8 that have to be completed. The first part relates to Chargeable gains and allowable losses and the second part relates to Capital Losses.


Chargeable gains and allowable losses

Cg2.png


Complete the various boxes as described in the following bullet points:

  • Have you 'ticked' any row in Column B, 'Tick box if estimate or valuation used' on Pages CG1 or CG2 or in Column C on Page CG2 'Tick box if asset held at 31 March 1982'? - see Column B and Column C notes in the CG2 and CG3 related sections.
  • Have you given details in Column G on Pages CG2 and CG3 of any Capital Gains relief's claimed or due? - Tick if you have claimed Indexation Relief or another form of relief and described it in the relevant row on Column G on CG2 and CG3.
  • Are you claiming, and/or using, any clogged losses (see Notes, page CGN11)? - Clogged losses relate to losses on disposals to connected person and losses transferred to you by trustees when you become absolutely entitled to settled property. Clogged losses are not supported by timetotrade and it is assumed that you do not have clogged losses for the completion of the remainder of SA108. Please consult with the HMRC or your tax adviser if you have clogged losses.
  • box Q - If all of your disposals where in quoted Q class shares or securities, enter the number of transactions from the transaction summary for year section. Else enter the number of Q class transactions in quoted shares or other securities as listed in Column AA in CG2 and CG3.
  • box U - Enter the number of Q class transactions in quoted shares or other securities as listed in Column AA in CG2 and CG3.
  • box L - Not applicable to share or securities transactions.
  • box T - Not applicable to share or securities transactions.
  • box O - Not applicable to share or securities transactions.
  • 8.7 - Enter the total taxable gains from the summary section.
  • 8.8 - Enter the total tax liability from the summary section.
  • 8.9 - Non-resident or dual resident status is not supported by timetotrade. Please consult with the HMRC or your tax adviser if you qualify for non-resident or dual resident status.


Capital losses

Cg3.png

Complete the various boxes as described in the following bullet points:

  • 8.10 - Enter the total loss from the transaction summary for year section.
  • 8.11 - From the summary section, enter the losses set against gains for this year.
  • 8.12 - Not supported by timetotrade; reference F4 and Column K2 notes above.
  • 8.13 - Not supported by timetotrade; reference F4 and Column K2 notes above.
  • 8.14 - Enter the this year loss listed in the unused losses section.
  • 8.15 - Enter the losses b/f(post 1996-97) from the losses section.
  • 8.16 - Enter the post 1996-97 value from the losses set against gain section.
  • 8.17 - Enter the post 1996-97 value from the unused losses section.
  • 8.18 - Enter the losses b/f(pre 1995-96) from the losses section.
  • 8.19 - Enter the pre 1995-96 value from the unused losses section.
  • 8.20 - Enter the sum of the this year loss and the post 1996-97 loss from the unused losses section.
  • 8.21 - Enter the pre 1995-96 value from the unused losses section.

For more information on how to use timetotrade's Capital Gains Calculator, please refer to the Capital Gains Tax User Manual.


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