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What does the calculator do?
- Takes into account all personal circumstances and delivers tax planning advice which is tailored just for you.
- Provides both a detailed analysis of your tax situation, and a shorter more concise summary.
- Takes account of all capital gains tax reliefs and allowances such as Private Letting Relief, Principal Private Residence Exemption, Indexation and Taper Relief.
- Allows you to provide details of your other income and assets, and takes those into account when performing calculations.
All significant factors are covered including how the property has been used, for example if it has been used for residential use, business use or for rental income, and whether the property has been
improved under your ownership. The calculator can also be used to carry out a number of 'What if?' calculations. This is very useful as you can work out the tax implications if you were to sell the property a few
years down the line, not just in the current tax year. |