Capital gains tax

Loan calculator: How much interest will you pay on a loan? Use this calculator to look at the impact of different interest rates over varying time periods.

Payslip calculator: Are you paying the correct amount of PAYE? Check you are having the correct amount of tax deducted from your income.

VAT calculator: Calculate the VAT to be paid where VAT is included in the amount entered at the standard rate of 17.5%

Stamp duty calculator: Stamp duty rates range from 0.5 per cent to 4 per cent. Calculate the liability to stamp taxes on the purchase of shares or property.

Savings calculator: Find out how much you will accumulate if you save regularly? How much will those savings be worth taking the effect of inflation into account?

Millionaire calculator: Inspired by the popular TV show, this calculator gives you the opportunity to work out when you will become a millionaire.

Inheritance tax calculator: How much inheritance tax might your estate be liable to on the occasion of your death? Good tax planning can reduce this liability.

Break-even calculator: Will you breakeven? This calculator will provide the sales figure you need in order to break even, i.e. obtain a net profit figure of zero.

Fuel cost calculator: With the constant fluctuating cost of fuel, our calculator shows your expenditure over a year, and includes a link to fuel saving strategies.

Gross profit calculator: What is your gross profit? This calculator shows the sales you need in order to break even, i.e. obtain a net profit figure of zero.

Vehicle benefit calculator: What is the cost of your company car including the car benefit, and, if applicable, the car fuel benefit. Also, find out the cost of your van benefit.

Capital gains tax

A basic first check for gains from 23 June 2010

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 increased from £2 million to £5 million from 23 June 2010.

Total gains subject to capital gains tax in 2010/11

Gain you consider qualifies for entrepreneurs' relief (£)
Gain you consider does not qualify for entrepreneurs' relief (£)
Higher rate tax payer?	No
	Yes



Results

Chargeable gain
Non-business assets
Chargeable gain
Business assets
Gross gain
Annual tax free amount
Taxable gain
CGT rates
Liability on entrepreneurs' gain	10%
Higher rate	28%
Total CGT 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.

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 2010/11 is payable on or before 31 January 2012.