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Alison Welsford
Feature Request: Split Transactions by Custom Date Range (HMRC Tax Rate Change)
What is being requested?
Allow users to split their transaction data within a tax year based on a custom cutoff date. This is necessary when tax authorities (like HMRC) change tax rates partway through the year—e.g., 30 October 2024 for the 2024–2025 UK tax year.
Why is this needed?
The HMRC has updated capital gains tax rates effective from 30 October 2024. Users must distinguish transactions made before and after this date to correctly report and calculate taxes. Without the ability to split by date, users risk overpaying or misreporting gains under the wrong rate.
What can users do now?
Currently, users must manually sort and export transactions before and after the rate change, using the capital gains CSV.
Keywords: HMRC tax rate split, custom date range, mid-year tax change, capital gains tax 2024, UK tax report
Created by Cord Taylor
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