What Does the Capital Gains Tax Calculator Do?
• Provides capital gains tax saving tips based on your personal circumstances. • Provides both a concise summary and detailed breakdown of all CGT calculations. • Takes account of all UK capital gains tax reliefs and allowances, including the Principal Private Residence exemption and Private Letting Relief. • Covers all major scenarios such as joint ownership with your spouse or anyone else and how the property has been used (for example, as a rental property, as a business property or as a furnished holiday let). • Deals with capital gains arising in future tax years using the most up to date forecasts of the future tax regime. • Handles previous tax years as well. You can also use the UK property capital gains tax calculator to perform a variety of fascinating What if? calculations. For example: • Find out how making the property your main residence for a period will reduce your tax bill. • Find out how much lower the tax bill will be if your spouse owns a share of the property.
