Capital Gains Tax 2024/5 5th. Enter the purchase and sale details of your assets along with tax reliefs and our capital gains tax calculator will work out your tax bill including all tax rates and allowances. Capital gains tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value.
The shares rising in value does not create a tax liability until you actually sell them. From 6 april 2024, the higher rate of capital gains tax for residential property disposals will be cut from 28% to 24%.