This basic calculator was designed for you to look at your liability to capital gains tax. Ahigher rate or additional rate tax payer will be taxed at 28%. Theindividuals with total income and gains less than the upper limit of the income tax basic rate band the liability will be calculated at 18%. You can calculate here an initial liability to capital gains tax; the situation where a portion of the gain is taxable at 18% and a portion at 28% is not taken into account.

Entrepreneursí relief

The rate of capital gains tax qualifying for entrepreneursí relief is 10%. The lifetime limit on gains qualifying for entrepreneursí relief is the rate effective from 6 April 2011.

Total gains subject to capital gains tax in 2011/12:
Gain you consider does not qualify for entrepreneurs' relief (£)
Higher rate tax payer? No    
   
  
Results:
Chargeable gain
Chargeable gain
CGT rates
10%
28%

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.

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 2011/12 is payable on or before 31 January 2013.