Working Out Capital Gains Tax

To work out your capital gains tax you will need look at each sale or disposal for the tax year in question.

You will need to deduct the purchase price from the value of the asset at the date of disposal or sale. You can include some costs in relation to the purchase or sale of the assets in question.

Once you have worked out the gain or loss for each asset you can then add them all together to find out the total gain for the tax year.

If you have made losses in previous tax years and you have not claimed for these, you can deduct these losses from any gain.

Capital gains tax will only need to be paid on any gains in excess of the annual exemption allowance. Please go to our CGT exemption section for more information.

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Contact

Consilium Asset Management
Vayre House, Hatters Lane,
Chipping Sodbury, Bristol
BS37 6AA
 
Contact Number
01454 321511 

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