Use this basic calculator to estimate your capital gains tax liability.
The above result is, as indicated above only, a first check. If you have a liability we strongly recommend that you contact us. It is our role to ensure you minimise your tax liability.
If you are a higher rate or additional rate tax payer your gain will be taxed at 28%. For individuals where total income and gains are less than the upper limit of the income tax basic rate band the liability on the gain will be calculated at 18%. This calculator enables you to calculate an initial liability to capital gains tax, but does not take into account a situation where a portion of the gain is taxable at 18% and a portion at 28%.
The rate of capital gains tax qualifying for entrepreneurs' relief is 10%. The lifetime limit on gains qualifying for entrepreneurs' relief increased from £5 million to £10 million from 6 April 2011.
In calculating the gain you may deduct certain costs. Please contact us to discuss your options for minimising your capital gains tax liability.
The capital gains tax in 2014/15 is payable on or before 31 January 2016
Dyke Yaxley LLCPO Box 1805MentorOH 44061 - 1805USA
T: +12164705633F: +14409467250E: firstname.lastname@example.org
8 Hollinswood CourtStafford Park 1TelfordShropshireTF3 3DE
T: 01952 216100F: 01743 235794E: email@example.com
1 Brassey RoadOld Potts WayShrewsburyShropshireSY3 7FA
T: 01743 241281F: 01743 235794E: firstname.lastname@example.org
Dyke YaxleyChartered Accountants
Dyke Yaxley is a trading name of Dyke Yaxley Limited
Registered in England and Wales Company Registration No. 4746482