Capital gains tax

Use this basic calculator to estimate your capital gains tax liability.

Total gains subject to capital gains tax in 2015/16

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%.

Entrepreneurs' relief

The rate of capital gains tax qualifying for entrepreneurs' relief is 10%. The lifetime limit on gains qualifying for entrepreneurs' relief is £10 million.

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 2015/16 is payable on or before 31 January 2017.