Capital gains tax

This is a basic calculator designed to enable you to look at your liability to capital gains tax. 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 the rate effective from 6 April 2012.