BRIGHTON, England, September 4 /PRNewswire/ --

- timetotrade Helps Investors Calculate and Claim Their Investment
Capital Losses in Advance of October 31st 2008 Tax Return Deadline

As the Self Assessment deadline approaches, the market collapse over the
last year has forced many investors to weigh up their Capital Losses, rather
than Gains. Over GBP200 billion was wiped off the FTSE between April 2007 and
April 2008. Any investor skilled or lucky enough to have made capital gains
above GBP9,200 during this period is required to declare those gains to the
Revenue. But what about investors who are sitting on an overall 
capital loss after the market meltdown? They too should be looking to file 
their Capital Gains Tax SA108 return in order to notify HMRC and formally 
claim their losses. Once reported to the Revenue, these losses can be 
carried forward indefinitely and used to offset against gains at any time in 
the future, to help reduce prospective tax bills.

timetotrade has developed a Capital Gains Tax calculator to help
investors determine their capital gains and claim their losses. The
calculator can be accessed at http://www.timetotrade.eu. Investors simply
input all of their historical investment transactions and timetotrade works
out the rest - including complex calculations for share identification rules,
indexation allowance and taper relief. Investors can then print off fully
completed Capital Gains Tax pages (Form SA108) ready to submit to HMRC to
claim their losses, along with the supporting calculations now required by
the HMRC.

Since 1996-1997, it has been necessary for investors to formally declare
losses to HMRC if they wish to use them to offset against future gains. The
losses need to be reported to HMRC within five years after the 31st January,
following the end of the tax year in which the loss arose. (So there is still
time for investors to claim losses going back as far as 2002-2003). If HMRC
is not notified of the loss within that five year time-frame, it is too late
and the loss is 'lost'. Once claimed, there is no time limit within which a
reported loss must be used - any historical losses claimed can be accumulated
and carried forward to offset against gains incurred many years from now.

Dary McGovern MD of timetotrade says, "The market has played a tough hand
to investors this year, so it makes precious sense for them to consolidate
losses they have made and bank them for when sunnier times return."

Find out more at http://www.timetotrade.eu

Investors looking to submit a paper Capital Gains Tax return to HMRC must
do so by 31st October 2008, if one or more of the following conditions were
met during the tax year ending 5th April 2008:

- Disposed of chargeable assets in the year to 5 April 2008
      worth more than GBP36,800
    - There are allowable losses which must be deducted from chargeable
      gains; and chargeable gains before deducting losses and applying taper
      relief total more than GBP9,200
    - There are no allowable losses which must be deducted from
      chargeable gains and after applying taper relief taxable gains total 
      more than GBP9,200
    - They want to claim an allowable capital loss



Further Information

About Sensatus

Sensatus develop web-based technology for financial institutions and
retail investors and have launched a range of professional investment
management products for investors under its "timetotrade" brand. Investors
can use timetotrade to manage the full cycle of their investments from
acquisition through to tax planning and disposal.

Related Links

http://www.timetotrade.eu

BRIGHTON, England, September 4 /PRNewswire/ --