Capital gains tax calculator 2017-2018

Quickly know how much capital gains tax you owe.

Profits from capital gains
£
Annual income (outside of capital gains)
£
Capital gains breakdown
Tax free (allowance)
£11,300.00
Taxed at 10%
£0.00
Taxed at 20%
£8,700.00
Total capital gains tax
£1,740.00
Your total annual income: £69,000.00
£0
£69,000.00
Your capital gains income: £20,000.00
Tax free
-
Taxed at 20%
£1,740.00

How your capital gains tax is calculated

Your total capital gains tax (CGT) owed depends on two main components:

  1. How much you earn in total
  2. What type of assets you sell

In your case where capital gains from shares were £20,000.00 and your total annual earnings were £69,000.00:

Capital gains tax (CGT) breakdown

You pay no CGT on the first £11,300.00 that you make
You pay £1,740.00 at 20% tax rate on the remaining £8,700.00 of your capital gains

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How TaxScouts works

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1. Simple online tax assessment

Our online tax-bot will go over your tax situation and will make sure you won’t overpay your taxes.

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Everything gets prepared for you

4. Everything gets prepared for you

Your certified accountant will go over your details & prepare your tax return for you to review. It will be filed on your behalf once you approve it.

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Who our service is for

First time tax filers

We have a simple online service that guides you through the entire process. Regardless of your reasons for doing your tax return we'll help you get it done right.

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UK company directors are required to file their self assessment annually. TaxScouts handles this through a simple online process.

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TaxScouts ensures the self employed don't overpay on their taxes. We'll help you benefit from all the tax breaks and deductions that can be applied to your return.

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What will happen next

  • We'll guide you through a few questions about your income and suggest related tax deductions
  • Then we'll tell you what documents are needed
  • Finally certified accountant will prepare and file the tax return with HMRC for you
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