Client data |
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Individual |
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Salary |
Self Employment Income (Net taxable) |
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Interest Income |
Dividend income |
|||
Rental |
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Gross Rental Income |
Finance Cost |
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Other Allowable expenses |
||||
Capital Gain |
||||
Gross Proceeds |
Purchase Cost (including Stamp Duty) |
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Acquistion costs (legal, conveyancing etc.) |
Selling Costs (legal, conveyancing etc.) |
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Capital Improvements |
Residential Property? |
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Pension Details |
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Personal Pension Contribution (Net)* |
Rental Income |
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Rent |
£0.00
|
|||
Finance cost |
£0.00
|
|||
Other Allowable expenses |
£0.00
|
|||
£0.00
|
||||
Taxable income |
||||
Rental Income |
£0.00
|
|||
Finance cost |
£0.00
|
|||
Other Allowable expenses |
£0.00
|
|||
Rental Profits |
£0.00
|
|||
Basic Tax Reduction |
£0.00
|
|||
on Lower of: |
||||
Finance Cost not deducted |
£0.00
|
|||
Taxable Property Profits |
£0.00
|
|||
Adjusted total income (After PA) |
£0.00
|
|||
Finance Cost C/F |
0
|
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Income Tax Calculation |
|||||
2024-25
|
|||||
Employment income |
£0.00
|
||||
Self Employment Income |
£0.00
|
||||
Rental Income |
£0.00
|
||||
Total Non Savings Income |
£0.00
|
||||
Interest Income |
£0.00
|
||||
Dividend Income |
£0.00
|
||||
Gross Income |
£0.00
|
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Less: Personal allowance calc |
£12,570.00
|
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Taxable Income |
£0.00
|
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Non-savings income |
£0.00
|
||||
Taxed at 20% |
£0.00
|
20%
|
£0.00
|
||
Taxed at 40% |
£0.00
|
40%
|
£0.00
|
||
Taxed at 45% |
£0.00
|
45%
|
£0.00
|
||
£0.00
|
|||||
Savings income |
£0.00
|
||||
5000
|
Taxed at 0% Starting Rate |
£0.00
|
£0.00
|
||
1000
|
Taxed at 0% PSA |
£0.00
|
£0.00
|
||
Taxed at 20% |
£0.00
|
20%
|
£0.00
|
||
Taxed at 40% |
£0.00
|
40%
|
£0.00
|
||
Taxed at 45% |
£0.00
|
45%
|
£0.00
|
||
£0.00
|
|||||
Dividend Income |
£0.00
|
||||
Taxed at 0% |
£0.00
|
£0.00
|
|||
Taxed at 7.5% |
£0.00
|
8.8%
|
£0.00
|
||
Taxed at 32.5% |
£0.00
|
33.8%
|
£0.00
|
||
Taxed at 38.1% |
£0.00
|
39.4%
|
£0.00
|
||
£0.00
|
|||||
TOTAL Personal Tax |
£0.00
|
||||
Less: Mortgage Interest Relief |
£0.00
|
||||
TOTAL Personal Tax |
£0.00
|
||||
Class 4 NIC |
£0.00
|
||||
Class 2 NIC |
£0.00
|
||||
Total NIC |
£0.00
|
||||
Capital Gains Tax |
£0.00
|
||||
Total Tax outlay including CGT, IT, NIC and Dividend Tax |
£0.00
|
||||
Personal Pension contributions |
|||||
use to increase basic rate band |
0
|
||||
contributiosn made |
0
|
||||
allowances at 100% pensionable income |
£0.00
|
||||
standard allowance |
60000
|
||||
Capped allowance |
£60,000.00
|
||||
Threshold income |
£0.00
|
||||
Adjusted income |
£0.00
|
||||
Revised allowances |
|||||
Basic rate band |
37700
|
Capital Gains Tax Computation |
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Permanent Data |
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Sale |
Total |
Tax Year |
|||||||||
Capital Gains Tax Allowance |
|||||||||||
Proceeds |
£0.00
|
CGT lower rate |
|||||||||
CGT higher rate |
|||||||||||
Purchase price |
£0.00
|
Property CGT Lower rate |
|||||||||
Acquisition costs |
£0.00
|
Property CGT Higher rate |
|||||||||
£0.00
|
Savings Band 0% Rate |
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Personal Allowance |
|||||||||||
Capital improvements |
£0.00
|
£100K band |
£100,000
|
||||||||
Basic Rate Band |
|||||||||||
Higher rate band |
|||||||||||
Selling costs |
£0.00
|
Basic Rate |
|||||||||
Higher rate |
|||||||||||
£0.00
|
Additional rate |
||||||||||
Dividend Allowance |
|||||||||||
Basic Dividend Rate |
|||||||||||
Hence Gain |
£0.00
|
Higher Dividend rate |
|||||||||
Additional Dividend rate |
|||||||||||
Finance percentage from income |
|||||||||||
Personal Allowance |
-£3,000.00
|
Class 4 NIC lower threshold |
|||||||||
Class 4 NIC upper threshold |
|||||||||||
Taxable Gain |
£0.00
|
Class 4 lower rate |
|||||||||
Class 4 higher rate |
|||||||||||
Class 2 NIC threshold |
|||||||||||
Tax |
Class 2 NIC rate |
||||||||||
Gain at lower rates |
£0.00
|
18.00%
|
£0
|
Peniosn cap adjusted income |
|||||||
Gain at higher rates |
£0.00
|
24.00%
|
£0
|
Peniosn cap theshold income |
|||||||
£0.00
|
£0
|
Pension allwoance |
|||||||||
Minimum pension allowance |
|||||||||||
rental income allowance |
|||||||||||
Basic Rate Threshold |
37700
|
Personal Pension Contribution (Gross) |
£0.00
|
||||||||
Unusued Basic rate band |
37700
|
Result |
|
Capital Gains Tax Liability |
£0.00
|
Please note - this is only an estimate of the tax liability and does not take into account any reliefs or exemptions that may apply. For a bespoke calculation based on your personal cimrcumstances, please contact us on 03300886686