Capital Gains Tax Calculator
Capital Gains Tax (CGT) is a tax you pay on the profit you make when you sell or dispose of an asset that has increased in value. Whether it’s property, shares, or cryptocurrency, understanding your CGT liability is crucial to avoid unexpected tax bills. Calculating this tax can be tricky due to varying rates and allowances. That’s where our Capital Gains Tax Calculator comes in. It simplifies the process, giving you accurate estimates in just a few clicks. This guide will help you understand how the calculator works, the types of assets subject to CGT, and how to use the tool effectively. What is Capital Gains Tax? Capital Gains Tax is applied to the profit, or “gain,” you make when selling an asset that has increased in value. It’s important to note that you only pay tax on the profit, not the total amount you receive from the sale. For instance, if you bought an asset for £10,000 and sold it for £15,000, your gain would be £5,000, and CGT would be calculated on this £5,000. In th