Capital Gains Computation

To access this report from within Capital Assets select Reports | Capital Gains Computation.  The same computation is also available from the main tax products reports menu.

The Capital Gains Computation will calculate a capital gain (or loss) for following entries that have been made during the currently selected tax year or accounting period, the report includes all the necessary calculations.

For more information on how to amend or enter data click on the blue linked items in this example computation:

 

CLIENT:                                                TAX REF:

YEAR / PERIOD:                                 NI NUMBER / TAX DISTRICT:


Capital Gains Computation

Capital Gains (or Losses)

Asset description

Enhancement expenditure:

Date: Description

Calculation:

Disposal of on date for

Less Incidental cost of disposal

Allowed Expenditure on date for

Less Incidental cost of acquisition

Less Enhanced Expenditure

 

Net figure

Less Indexation at x.xx on X

Less Indexation on Enhancements

 

Less relief: Relief type

 

Gain / (Loss)

Current year's losses

Unused losses brought forward

Gain after losses

Taper relief at xx.xx%

Tapered gain

 

Share holding description

Date: Disposal of X shares from X.

Proceeds (X/X x £X.XX)

Incidental costs of disposal

Indexed cost

Actual cost

 

Indexation allowance

 

Gain

Less relief: Relief type

Current year's losses

Unused losses brought forward

 

Gains after losses

Taper relief at xx.xx%

 

Tapered gain

 

Other Capital Gains description

Business asset

Acquired on date

Disposed of on date for amount

Gain before relief

 

Gain

Less relief: Relief type

Taper relief at xx.xx%

Tapered gain

 

Losses Summary

Total losses for this year

Used against earlier years' gains

 

This year's unused losses

Earlier years' losses

Unused losses post Self Assessment

Used this year

 

Remaining unused losses post Self Assessment

 

Unused losses prior to Self Assessment

Used this year