Client data |
||||
|
Individual |
||||
|
Salary |
Self Employment Income (Net taxable) |
|||
|
Interest Income |
Dividend income |
|||
|
Rental |
||||
|
Gross Rental Income |
Finance Cost |
|||
|
Other Allowable expenses |
||||
|
Capital Gain |
||||
|
Gross Proceeds |
Purchase Cost (including Stamp Duty) |
|||
|
Acquistion costs (legal, conveyancing etc.) |
Selling Costs (legal, conveyancing etc.) |
|||
|
Capital Improvements |
Residential Property? |
|||
|
Pension Details |
||||
|
Personal Pension Contribution (Net)* |
||||
|
Rental Income |
||||
|
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
|
|||
|
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
|
||||
|
Less: Personal allowance calc |
£12,570.00
|
||||
|
Taxable Income |
£0.00
|
||||
|
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 |
|||||||||||
|
Permanent Data |
|||||||||||
|
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 |
||||||||||
|
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