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Reply to: How to calculate CGT?

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Previously on "How to calculate CGT?"

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  • WTFH
    replied
    Originally posted by willendure View Post
    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

    Leave a comment:

  • willendure
    started a topic How to calculate CGT?

    How to calculate CGT?

    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%?
    Tags: None

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