Capital Gains Tax Calculator

Capital Gains Tax Calculator 2020-21 is provided as a tool to estimate any CGT payable on profits from disposing chargeable assets.

Capital Gains Tax (CGT) is payable on profits made from disposing a chargeable asset that has increased in value.

What assets are chargeable to Capital Gains Tax (CGT)?

The following assets are chargeable to CCT:

  • property that is not your main home
  • shares and investments, including crypto-assets and bitcoin but not including ISAs or PEPs
  • most personal possessions worth £6,000 or more, apart from your car

What assets you do not pay Capital Gains Tax on?

The following assets are not chargeable to Capital Gains

  • Tax.Your main home
  • ISAs or PEPs
  • UK government gilts and Premium Bonds
  • Betting, lottery or pools winnings

NOTE: The Capital Gains Tax Calculator 2020-21 above is provided for research purposes only and is not meant to be relied upon for any other purpose. If you would to use our tax filing services please submit your email address along with a brief description of your requirements and we will get back to you.

How to register for self assessment?

You need to register for Self Assessment (SA) online and obtain a UTR (unique tax payer reference) number before you can submit a SA tax return.

Once registered, HMRC will send you a letter containing your UTR number within 10 working days.

HMRC requires a SA tax return from the following tax payers:

  • self employed
  • most company directors
  • people in partnerships
  • receiving: Income from property
  • Tips and commissions
  • Savings and investments
  • Dividends
  • Foreign income

How to apply for a government gateway ID?

To apply for Self Assessment online, you need a Government Gateway ID and password. However, if you do not have a government gateway ID, you can create one at the same time as you register online for SA.