CGT Exemption Calculator
Calculate your Capital Gains Tax exemption and potential tax savings when selling assets. Determine CGT liability based on current tax rules, exemptions, and allowances.
Step 1: Asset Details
Understanding CGT Exemption
The annual CGT exemption allows you to make a certain amount of capital gains tax-free each tax year. For 2023-24, the annual exempt amount is £6,000 for individuals.
Step 2: Tax Details
About CGT Rates
Capital Gains Tax rates depend on your income tax band and the type of asset. For residential property, higher rate taxpayers pay 28%, while basic rate taxpayers pay 18%.
CGT Exemption Results
Tax Payable After Exemption
Asset Type Tax Comparison
| Asset Type | CGT Rate | Tax Payable | Tax After Exemption |
|---|
Tax Breakdown
CGT Calculation Formula
Tax Payable = (Capital Gain – Annual Exemption) × CGT Rate
To calculate CGT: Subtract your annual exemption from your total capital gain, then multiply by the applicable CGT rate for your asset type and income band.
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