Capital Gains Tax Calculator
The Capital Gains…
To use this Capital Gains Tax Calculator:
Enter Purchase Price: Input the original price you paid for the asset.
Enter Sale Price: Input the price at which you sold the asset.
Enter Associated Costs: Include any costs associated with the purchase or sale (like fees or commissions).
Enter Your Annual Income: This affects the tax rate for long-term gains.
Select Holding Period: Choose whether the asset was held for less than a year (Short-term) or more than a year (Long-term).
Calculate: Click the “Calculate CGT” button to compute the capital gain, estimated tax, and net profit.
The results will appear below the form showing your capital gain, estimated tax, and net profit after tax. Remember, this is a simplified tool; for exact figures, consult with a tax professional.