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Input
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Gain Calculation
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Enter the answers to the questions in each box
You may use the TAB key to move down the list.
Click the 'Calculate' button. Then see your
situation by clicking on 'Results' and 'Gain Calculation'
Input Data:
Information Required:
Your Name
Property Sold/To Be Sold
Are you married?
Y
N
Do you own the property jointly
N
Y
(If yes, a 50:50 split is assumed)
Owned with anyone else?
N
Y
If Y, what proportion do you own?
%
Sale Proceeds/Anticipated Sale Proceeds (total)
Disposal Costs, eg legal & estate agent fees
Disposal Date enter DD/MM/YY
Purchase Cost
Incidental costs of acquisition eg legal fees, stamp duty etc
Date of Purchase, enter DD/MM/YY
Have you made any capital improvements to the
property?
N
Y
If Y ….
Date of Expenditure
DD/MM/YY
Cost
Have you made any more capital improvements?
N
Y
If Y …..
Date of Expenditure
DD/MM/YY
Cost
Has this property ever been your only or
main residence during your ownership?
N
Y
From
DD/MM/YY
To
DD/MM/YY
Have you ever let all or part of the property out as
private residential accommodation?
N
Y
If Y
What proportion of the property as a percentage? 1 to 100
%
From (start of first letting) DD/MM/YY
To (end of final letting) DD/MM/YY
Have you ever used any part of the property exclusively for business
N
Y
If Y…..
What proportion of the property as a % ?
%
From
DD/MM/YY
To
DD/MM/YY
Was this at the same time as you were also letting out another part of the property?
N
Y
Has the property been used for any
other purpose during your ownership?
N
Y
(if it was merely vacant during other periods, please answer N)
From
DD/MM/YY
To
DD/MM/YY
Was the property ever left vacant for a period exceeding three months during the
letting period described above? (do not include any periods you have already covered above
N
Y
The following question is only relevant for disposals made after 5th April 2008
and also only relevant if the property has been used for business purposes
Value of gains (if any) taxed at 'entrepreneurs rate' 10% (max £1 million)
Value of spouses gains (if any)taxed at 'entrepreneurs rate' 10% (max £1 million)
The following questions are only relevant for disposals made before 6th April 2008
Your approximate annual income
If joint, your spouse's approximate annual income
Why is this relevant? - It affects the rate of tax on your gain.
Your other gains during the same tax year as the disposal
If joint, your spouse's other gains during the same tax year
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Input
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Results
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Gain Calculation
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DaviesMcLennon.co.uk.uk
Property Capital Gains Tax Calculation for:
Mr Gordon Indigo
Gain on disposal of:
45 Letsbe Avenue
Results:
On the basis of the information provided, you
have a CGT liability on this disposal of
£159,966.00
This is payable by 31st January
2010
Notes & Planning Ideas,
scroll down until you see "END" (there may be gaps)
You could defer part or all of the gain by investing in Enterprise Investment Scheme shares
These also create income tax credits of up to 20%, giving you possible total tax savings of up to
£159,966
Click the icon for further details
END
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Input
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Results
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Gain Calculation
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DaviesMcLennon.co.uk
Property Capital Gains Tax Calculation for:
Mr Gordon Indigo
Gain on disposal of:
45 Letsbe Avenue
Calculation:
£
£
Proceeds
6-Apr-2008
1,000,000
Less: disposal costs
1,200
Net proceeds
998,800
Less:
Purchase Cost
1-Mar-2008
100,000
Incidental costs of acquisition
500
Improvement costs (1)
0
Improvement costs (2)
0
0
100,500
No Indexation Relief due post 5/4/2008
On purchase
0.0%
0
On improvement costs (1)
0
0
On improvement costs (2)
0
0
100,500
Indexed gain
898,300
Principal Private Residence Relief:
0
898,300
Private letting relief:
0
898,300
No taper due post 5/4/08
0.0%
0
No taper due post 5/4/08
n/a
0
898,300
Annual exemption
9,600
(Based on estimated future exemption)
Chargeable gain
888,700
888,700
Your CGT Liability:
£
Taxed at
0
@
10%
=
0.00
Taxed at
888,700
@
18%
=
159,966.00
Taxed at the lower rate
0
@
10%
=
0.00
Taxed at the savings rate
0
@
20%
=
0.00
Taxed at the higher rate
0
@
40%
=
0.00
Tax Due
£159,966.00
£
Taxed at
0
@
10%
=
0.00
Taxed at
888,700
@
18%
=
159,966.00
0
0
0
Payable 31st January following tax year of disposal
£159,966.00
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Input
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Results
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Gain Calculation
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Property Gain Calculator
40,400
Indexation Relief Tables
PPR Exemption
Month of expenditure
Index'n to April 1998
Purchase
Improve(1)
Improve(2)
Days:
31-Mar-1982
March 1982 or earlier
104.7%
Residence
Final period
Total
Last 3 years:
April-82
100.6%
0
0
36
36
1,095
28-Feb-1996
1-Mar-1999
0
May-82
99.2%
28-Feb-2000
1-Mar-2003
0
June-82
98.7%
Partial non-res use
28-Feb-2004
1-Mar-2007
0
July-82
98.6%
Letting
0
100%
28-Feb-2008
1-Mar-2011
0
August-82
98.5%
Business
0
100%
28-Feb-2012
1-Mar-2015
0
September-82
98.7%
Other
0
0
October-82
97.7%
November-82
96.7%
Private Letting Exemption
December-82
97.1%
Gain from letting
Except (Business):
Except (Other):
January-83
96.8%
From:
31-Mar-1982
From:
31-Mar-1982
From:
31-Mar-1982
February-83
96.0%
To:
0-Jan-1900
To:
0-Jan-1900
To:
0-Jan-1900
March-83
95.6%
Days:
0
100%
0
0
0
April-83
92.9%
May-83
92.1%
Non-Business Taper Rate
June-83
91.7%
Pre or Post
July-83
90.6%
16/3/98?
Post
16-Mar-1998
August-83
89.8%
1-Mar-2008
6-Apr-1998
September-83
88.9%
Pre
Years
Post
6-Apr-1999
29-Feb-2000
0
October-83
88.3%
6-Apr-2000
29-Feb-2004
0
November-83
87.6%
3 Years
5%
3
0%
6-Apr-2001
29-Feb-2008
0
December-83
87.1%
4 Years
5%
4
0%
6-Apr-2002
29-Feb-2012
0
January-84
87.2%
5 Years
5%
5
0%
6-Apr-2003
0
February-84
86.5%
6 Years
5%
6
0%
6-Apr-2004
March-84
85.9%
7 Years
5%
7
0%
6-Apr-2005
April-84
83.4%
8 Years
5%
8
0%
6-Apr-2006
May-84
82.8%
9 Years
5%
9
0%
6-Apr-2007
June-84
82.3%
10 or more
5%
10
0%
6-Apr-2008
July-84
82.5%
August-84
80.8%
40%
0%
September-84
80.4%
Rate applying:
0%
October-84
79.3%
November-84
78.8%
Business Asset Gain
December-84
78.9%
Days:
0
0%
100%
0%
January-85
78.3%
Gain:
0
time
bus prop
February-85
76.9%
March-85
75.2%
Business Taper Rate
April-85
71.6%
1st Regime?
N
May-85
70.8%
Bonus Year
0.0%
June-85
70.4%
Year 1
0.0%
July-85
70.7%
Year 2
0.0%
August-85
70.3%
2nd Regime?
N
September-85
70.4%
Year 1
0.0%
October-85
70.1%
Year 2
0.0%
November-85
69.5%
Year 3
0.0%
December-85
69.3%
3rd Regime?
Y
January-86
68.9%
Year 1
0.0%
February-86
68.3%
Year 2
0.0%
March-86
68.1%
April-86
66.5%
0.0%
May-86
66.2%
June-86
66.3%
Annual Exemption
July-86
66.7%
Year of disp'l
Ann Ex
5-Apr-1998
Current Tax Year Ends:
August-86
67.1%
1998/1999
1
£6,800
6,800
5-Apr-1999
September-86
65.4%
1999/2000
1
£300
7,100
5-Apr-2000
October-86
65.2%
2000/2001
1
£100
7,200
5-Apr-2001
November-86
63.8%
2001/2002
1
£300
7,500
5-Apr-2002
December-86
63.2%
2002/2003
1
£200
7,700
5-Apr-2003
January-87
62.6%
2003/2004
1
£200
7,900
5-Apr-2004
February-87
62.0%
2004/2005
1
£300
8,200
5-Apr-2005
March-87
61.6%
2005/2006
1
£300
8,500
5-Apr-2006
April-87
59.7%
2006/2007
1
£300
8,800
5-Apr-2007
May-87
59.6%
2007/2008
1
£400
9,200
5-Apr-2008
June-87
59.6%
*
2008/2009
1
£400
5-Apr-2009
July-87
59.7%
*
2009/2010
0
£0
5-Apr-2010
August-87
59.3%
*
2010/2011
0
£0
5-Apr-2011
40,638
September-87
58.8%
*
2011/2012
0
£0
5-Apr-2012
October-87
58.0%
*
2012/2013
0
£0
5-Apr-2013
Previous ended:
November-87
57.3%
December-87
57.4%
11
£9,600
(Based on estimated future exemption)
5-Apr-2011
5-Apr-2010
January-88
57.4%
February-88
56.8%
* - Estimated increase
Available - Self:
9,600
March-88
56.2%
Available - Spouse:
9,600
April-88
54.5%
May-88
53.1%
Proportion Held
June-88
52.5%
100%
July-88
52.4%
August-88
50.7%
Parameters
September-88
50.0%
Start
1-Apr-1998
October-88
48.5%
End
5-Apr-2013
November-88
47.8%
December-88
47.4%
Tax Rates & Allowances
January-89
46.5%
Year of disp'l
Ends on
P. All'ce
Lower Rate
Basic Rate
February-89
45.4%
BR
0
Pa
£
Band
%
Band
%
March-89
44.8%
27,100
4,300
4,195
1
1998/1999
5-Apr-1999
£4,195
£4,300
0%
£27,100
0%
April-89
42.3%
28,000
1,500
4,335
1
1999/2000
5-Apr-2000
£140
£-2,800
0%
£900
0%
May-89
41.4%
28,400
1,520
4,385
1
2000/2001
5-Apr-2001
£50
£20
0%
£400
0%
June-89
40.9%
29,400
1,880
4,535
1
2001/2002
5-Apr-2002
£150
£360
0%
£1,000
0%
July-89
40.8%
29,900
1,920
4,615
1
2002/2003
5-Apr-2003
£80
£40
0%
£500
0%
August-89
40.4%
30,500
1,960
4,615
1
2003/2004
5-Apr-2004
£0
£40
0%
£600
0%
September-89
39.5%
31,400
2,020
4,745
1
2004/2005
5-Apr-2005
£130
£60
0%
£900
0%
October-89
38.4%
32,400
2,090
4,895
1
2005/2006
5-Apr-2006
£150
£70
0%
£1,000
0%
November-89
37.2%
33,300
2,150
5,035
1
2006/2007
5-Apr-2007
£140
£60
0%
£900
0%
December-89
36.9%
34,600
2,230
5,225
1
2007/2008
5-Apr-2008
£190
£80
0%
£1,300
0%
January-90
36.1%
35,900
2,310
5,415
1
2008/2009
5-Apr-2009
£190
£80
10%
£1,300
20%
5-Apr-2009
February-90
35.3%
35,900
2,310
5,415
0
2009/2010
5-Apr-2010
£0
£0
0%
£0
0%
March-90
33.9%
35,900
2,310
5,415
0
2010/2011
5-Apr-2011
£0
£0
0%
£0
0%
April-90
30.0%
35,900
2,310
5,415
0
2011/2012
5-Apr-2012
£0
£0
0%
£0
0%
May-90
28.8%
35,900
2,310
5,415
0
2012/2013
5-Apr-2013
£0
£0
0%
£0
0%
June-90
28.3%
July-90
28.2%
£5,415
£2,310
10%
£35,900
20%
5-Apr-2009
August-90
26.9%
September-90
25.8%
October-90
24.8%
Bands Remaining After Income - Self
November-90
25.1%
Income after personal allowance
0
December-90
25.2%
Lower Band unused
2,310
January-91
24.9%
Basic Rate Band unused
33,590
February-91
24.2%
March-91
23.7%
Bands Remaining After Income - Spouse
April-91
22.2%
Income after personal allowance
0
May-91
21.8%
Lower Band unused
2,310
June-91
21.3%
Basic Rate Band unused
33,590
July-91
21.5%
August-91
21.3%
Reinvestment Reliefs
September-91
20.8%
IT Credit
October-91
20.4%
Available - Self:
0
November-91
19.9%
Available - Spouse:
0
December-91
19.8%
Investment Max
January-92
19.9%
EIS 1
0
0
February-92
19.3%
EIS 2
0
0
March-92
18.9%
EIS 3
0
0
April-92
17.1%
EIS 4
200,000
200,000
May-92
16.7%
EIS 5
200,000
200,000
6-Apr-2004
June-92
16.7%
July-92
17.1%
£400,000
August-92
17.1%
Savings:
September-92
16.6%
CGT - Self
898,300
159,966
October-92
16.2%
CGT - Spouse
0
0
November-92
16.4%
IT - Self
0
December-92
16.8%
IT - Spouse
0
January-93
17.9%
February-93
17.1%
£159,966
March-93
16.7%
April-93
15.6%
Total Tax
May-93
15.2%
159,966
June-93
15.3%
July-93
15.6%
August-93
15.1%
September-93
14.6%
October-93
14.7%
November-93
14.8%
December-93
14.6%
January-94
15.1%
February-94
14.4%
March-94
14.1%
April-94
12.8%
May-94
12.4%
June-94
12.4%
July-94
12.9%
August-94
12.4%
September-94
12.1%
October-94
12.0%
November-94
11.9%
December-94
11.4%
January-95
11.4%
February-95
10.7%
March-95
10.2%
April-95
9.1%
May-95
8.7%
June-95
8.5%
July-95
9.1%
August-95
8.5%
September-95
8.0%
October-95
8.5%
November-95
8.5%
December-95
7.9%
January-96
8.3%
February-96
7.8%
March-96
7.3%
April-96
6.6%
May-96
6.3%
June-96
6.3%
July-96
6.7%
August-96
6.2%
September-96
5.7%
October-96
5.7%
November-96
5.7%
December-96
5.3%
January-97
5.3%
February-97
4.9%
March-97
4.6%
April-97
4.0%
May-97
3.6%
June-97
3.2%
July-97
3.2%
August-97
2.6%
September-97
2.1%
October-97
1.9%
November-97
1.9%
December-97
1.6%
January-98
1.9%
February-98
1.4%
March-98
1.1%
April 1998 or later
0.0%
0
0.0%
0.0%
0.0%
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