Capital Gains Tax Calculator

You might owe Capital Gains Tax if you sell, give away, or exchange assets which have increased in value, and the total amount of gains you make in a tax year is over the £3,000 tax free allowance.

The kind of tax you need to pay on crypto depends on how you earn it. You’ll usually pay Capital Gains Tax on money you get from trading crypto, or income tax if you’re involved in mining and staking. We have a separate crypto tax calculator which deals with both types of tax.

Capital Gains Tax tends to crop up because you’ve sold an asset for more than you paid for it, but it’s actually based on an asset’s disposal. This can mean that you sold it, but a disposal can also mean you swapped it for something else, gave it away to someone other than your spouse. It can even apply if you were compensated for it in some way – such as with an insurance payout.

This varies depending on whether you need to tell HMRC about capital gains you make on property or other types of asset.

You’ll need to tell HMRC about Capital Gains on property within 60 days of the completion date.

Other types of gains must be reported by 31st January following the end of the tax year in which they happen. They can be reported through Self Assessment if you’re registered, or with the real time reporting service if you’re not.

You’ll be able to deduct the cost of any expenses which relate to the asset or it’s disposal. For example, money you spent on repairs or improvements, or advertising and seller’s fees.