How to calculate CGT?

[willendure]

Anyone know how to calculate CGT? Might be best to ask an accountant but...

There is a personal allowance of $3K. Presumably one subtracts that from the £gain, then applies the appropriate tax rate.

What if I have a loss that would be taxed at one rate 18% and a gain that would be taxed at 10%?

[WTFH]

Anyone know how to calculate CGT? Might be best to ask an accountant but...

There is a personal allowance of $3K. Presumably one subtracts that from the £gain, then applies the appropriate tax rate.

What if I have a loss that would be taxed at one rate 18% and a gain that would be taxed at 10%?

Speak to your accountant who will be able to explain it to you based on your own personal situation, but this may help:
https://www.gov.uk/capital-gains-tax/losses