The Capital Gains Tax Summary calculator provides an indication of an individuals CGT liability as a result of disposing of investments.
Once the Capital Gains calculations have been completed for each individual holding (including residential property that does not receive 100% Private Residence Relief e.g. Buy To Let), you can then input;
- – the gain or loss for each investment
- – losses from previous years
- – the clients’ income
This will show the total Capital Gains Tax liability, assuming full CGT Annual Exemption Amount is available.
Pension contributions can be input to demonstrate the impact that this can have (by extending the basic rate band) on reducing an individuals CGT liability.