Capital gains tax explained Capital gains tax calculator
If you are a basic rate taxpayer, you can use this simple calculator to get an idea of your possible capital gains tax bill for the year.
The calculator does not take into account the higher rate of CGT (28%) payable by a higher-rate taxpayer from 23 June 2010. It also ignores special rules that might affect the calculation of gains or losses from, for example, possessions (chattels), shares or disposal of a business.
Please install/enable Adobe Flash Player to view the interactive version of this content
| Example capital gains tax calculation for 2009-10 | |
|---|---|
| Calculation | Amount |
| Capital gain | £20,000 |
| Losses | £1,400 |
| Annual allowance | £10,100 |
| Taxable gain = £20,000 - £1,400 - £10,100 | £8,500 taxable gain |
| CGT rate | 18% tax rate |
| Capital gains tax payable - £8,500 x 18% | £1,530 payable |
Latest money news
For daily consumer news, subscribe to the here. If you have an older web browser you may need to copy and paste this link into your newsreader: http://www.which.co.uk/feeds/reviews/news.xml. Find out more about RSS in the Which? guide to news feeds.
Or sign up for our .