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Capital gains tax calculator

richallumrichallum Administrator
in Technical stuff
What CGT tools are you using?  Several platforms have good ones but what are you using that is not provider based?  A stand alone tool that can account for regular contributions would be good.

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  • DanAtkinsonUKDanAtkinsonUK Member
    It's a nightmare without a tool. I had to do some of our clients a few years ago by hand. Took ages...
    Dan Atkinson FPFS CFP APP Chartered FCSI
    Chartered Financial Planner
    Certified Financial Planner
    Head of Technical at Paradigm Norton

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  • StuartBFMStuartBFM Member
    Provider based tools should be the best option if they have them because they should also be taking into account any accumulation dividends and equalisation payments, which if you've ever had to do by hand for a client of 30 years is perhaps one of the most painful things I have ever had to do.


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  • KatMKatM Member
    I use TFP Calculator, it's quite comprehensive as far as the calculations it offers. 
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  • parawhatparawhat Member
    There's a CGT calculator here: http://www.cgtcalculator.com that takes into account all the share matching rules, taper, indexation etc. The UI is a little rough around the edges but the output seems to be ok and it's free.

    Jonny (paraflex)
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  • nickpicknickpick Member

    There is another capital gains tax calculator here: http://www.cgt-share-matching.co.uk/
    This calculator applies the following rules:

    • Same-Day Rule: Matches sales with purchases made on the same day during the tax year.
    • Bed and Breakfasting Rule: Matches sales with re-purchases within 30 days after the sale. -Backward matching between 30 days after tax year ends to the beginning of the tax year.
    • Section 104 Holding: For sales not matched by the above rules, uses the weighted average cost of shares in the pool.
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