CGT Payment Calculator
Calculate your UK Capital Gains Tax liability. Estimate CGT payments on property, shares, and other assets for the current tax year.
Step 1: Asset Details
CGT Allowance
2023/24 tax year: £6,000 annual tax-free allowance. 2024/25: £3,000 allowance. Different rates apply for residential property vs other assets.
Step 2: Taxpayer Details
CGT Rates 2024/25
Residential property: 18% basic rate, 24% higher rate. Other assets: 10% basic rate, 20% higher rate. Basic rate threshold: £50,270.
Capital Gains Tax Estimate
Summary
Tax Breakdown
Year Comparison
Total CGT Liability
£14,256
Net gain after allowance: £85,000
Taxable Gain
£85,000
Tax Rate Applied
24%
Annual Allowance Used
£3,000
Payment Deadline
60 days
Detailed Tax Calculation
| Calculation Step | Amount | Notes |
|---|
Tax Year Comparison
CGT Calculation Formula
CGT = (Sale Price – Purchase Price – Costs – Allowance) × Tax Rate
Calculate gain, deduct allowable costs and annual exempt amount, then apply appropriate tax rate based on income level and asset type.
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